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Using the cost approach, determine the market value of a property with a 37,000 square foot building if construction costs new are $62 per square

Using the cost approach, determine the market value of a property with a 37,000 square foot building if construction costs new are $62 per square foot, land value is estimated to be $1,200,000, and total depreciation on the building to date is estimated to be 8%. Group of answer choices $2,294,000 $3,310,480 $3,494,000 $3,214,480

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