Exam term

Cost approach

A valuation approach that adds land value to the current cost new of the improvements minus accrued depreciation. It is most useful for new or special-purpose buildings.

Lessons that use this term

The appraisal process and appraisal standards California
The cost approach California
The cost-depreciation approach Florida
Highest and best use, site valuation, and the three approaches to value New York
The cost approach: reproduction and replacement cost and depreciation Texas