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In Business / College | 2025-07-06

The type of data used in the cost approach to determine the replacement or reproduction cost of the subject property is called:
a. cost data.
b. conditional data
c. copycat data.
d. guestimation data.

Asked by enrique0394

Answer (2)

The data used in the cost approach to determine the replacement or reproduction cost of a property is called cost data . This data includes the costs of materials, labor, and overhead necessary for construction. Using accurate cost data allows for more precise property valuations, especially for unique or new properties. ;

Answered by GinnyAnswer | 2025-07-06

The type of data used in the cost approach for property appraisal is called cost data , which includes the costs of materials, labor, and overhead. This data is essential for accurately determining the value of a property based on construction costs. Therefore, the correct answer is option a: cost data.
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Answered by Anonymous | 2025-07-24

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