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An Office Building Is on a Lot Valued at $50,000

Question 24

Multiple Choice

An office building is on a lot valued at $50,000. It would cost $150,000 to replace the building structure today, but the improvements have depreciated 10%. Using the cost approach, what is the value of the property?


A) $50,000
B) $152,000
C) $160,000
D) $185,000

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