Procedures Key Formulas (Cost Approach) Flashcards
Cost Approach
1
Q
Replacement/ or Reproduction
A
Total Sq. Ft. X Cost per Sq. Ft. = Replacement/ or Reproduction
2
Q
Site Value
A
Total Sq. Ft. X Price Per Sq. Ft. = Site Value
3
Q
Accrued Depreciation Based on the Age/Life Method:
A
Effective Age / Total Expected Economic Life = Depreciation Percentage
4
Q
Dollar amount of Depreciation
A
Cost New of Improvement X Depreciation Percentage = Depreciation dollar amount
5
Q
Depreciated Value of Improvement
A
Cost New - dollar amount of depreciation = Depreciated Value of Improvement
6
Q
Property Value includes ______ and depreciated value of improvements.
A
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