In the income approach to valuation,replacement cost is reduced by costs such as those that are associated with curing deterioration of the property and the economic loss of value from incurable factors due to change in design or layout efficiency.
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Q1: An overall capitalization rate can be calculated
Q3: When using the gross income multiplier technique
Q4: The sales comparison approach to appraisal is
Q5: The equity value can be estimated by
Q6: The market method or direct sales comparison
Q7: The assumption that a knowledgeable buyer would
Q8: A property is purchased for $350,000.Based on
Q9: One advantage of the gross income multiplier
Q10: The capitalization rate of a newly constructed
Q11: The capitalization rate for a leased fee
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