What is Cost Approach?
Method of arriving at the appraisal value of a property in which the accrued depreciation is deducted from the property’s replacement cost at current prices. See also income approach and market approach.
What is Cost Approach?
Method of arriving at the appraisal value of a property in which the accrued depreciation is deducted from the property’s replacement cost at current prices. See also income approach and market approach.