- Definition: Cost Approach to Value
-
The cost approach is simply a determination of the replacement cost less certain adjustments for age, physical obsolescence and depreciation. The replacement cost is the total amount of money it would take to rebuild the entire facility to “like new” condition in the event of total destruction.
Contributed By:Previous - Conventional vs. Chain Department Stores | Browse Full Dictionary | Co-Tenant/Co-Tenancy Clause - Next
- Real Estate
- Popular Topics in Real Estate
- The Expertise Imperative and Compliance Technology
- Access to a diverse array of specialized expert inputs drives superior decisions in every organizational context: within corporations, by investors and consultancies, and within nonprofits. When decision makers are confident of their decision inputs, they can respond more quickly and creatively to challenges and opportunities.
This page may include content provided by Council Members, your access to which is subject to the Terms of Use.
