What is the economic rationale for the cost approach under, Finance Basics

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What is the economic rationale for the cost approach under

1. What is the economic rationale for the cost approach? Under what conditions would the cost approach tend to give the best value estimate?

2. What is the economic rationale for the sales comparison approach? What information is necessary to use this approach? What does it mean for a property to be comparable?

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Finance Basics: What is the economic rationale for the cost approach under

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Finance Basics: What is the economic rationale for the cost approach under

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