Cost Approach to Valuation Suppose that the replication cost of a subject house is $350,000....
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Cost Approach to Valuation Suppose that the replication cost of a subject house is $350,000. Below is a list of the remaining useful life of major components of the property, their replacement cost, and the remaining life. Under the cost approach to valuation, what value would you appraise the subject house at? Component Replacement Remaining Cost Life HVAC (Gas, 7 ton) $20,000 5% Roof (Slate) $25,000 75% Bathroom Fixtures (High Quality) $50,000 25% Kitchen Fixtures (Professional) $150.000 90% Flooring (Hardwood) $40.000 100% Windows (Casement) $55,000 75%
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