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This course will help students gain valuable insight and a working knowledge
of the various theories and methodologies for performing residential
site valuation and developing the cost approach in appraisal practice.
Various costing methods will be discussed and applications of the cost
approach in residential appraising will be examined. The important
distinction between Replacement Cost New and Reproduction Cost New will
be discussed, along with an in-depth look at accepted methods for
estimating accrued depreciation.