What are the two key reasons that its important to estimate the land value even if the property has an existing building?

Group of answer choices

Land values are taxed differently than building values

In the cost approach, the value of the land must be estimated and stated separately

The relationship between highest and best use and land value may indicate whether an existing use is the HBU of the land, or if perhaps demolition of the improvements would result in a higher value

Appraisers can charge a higher fee for this additional work