What is the estimated value of the real estate by the cost, Financial Accounting

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What is the estimated value of the real estate by the cost

Problem

A building, 100 feet wide and 250 feet long, would cost $55 per square foot to replace. The land is valued at $200,000. The building was estimated to have an economic life of 40 years and is now effectively five years old. What is the estimated value of this real estate by the cost approach to value?

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Financial Accounting: What is the estimated value of the real estate by the cost

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Financial Accounting: What is the estimated value of the real estate by the cost

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