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Using the cost approach what is the value of the below property Land Value $100,000 Home price $300 per square foot Home size 1,000 square

Using the cost approach what is the value of the below property Land Value $100,000 Home price $300 per square foot Home size 1,000 square feet Annual Depreciation $5,000 Home Age 10 years Taxes 25%

Group of answer choices

$350,000

$262,500

$400,000

$450,000

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