This is the measurment that determines an asset’s value by taking the current cost to construct a replication or a substitution of an existing structure, subtracting an estimate for accumulated depreciation, and adding the land’s value.
Cost Approach Improvement Value
This is the measurment that determines an asset’s value by taking the current cost to construct a replication or a substitution of an existing structure, subtracting an estimate for accumulated depreciation, and adding the land’s value.
