The cost approach to value - a new look at an old relic

Jackson, M.

The cost approach to value - a new look at an old relic - 1992 - Canadian Appraiser 36(3) Fall 1992, 21-27(7) .

An analysis of the cost approach to valuation, commenting on a recent conference paper presented in Korea which provided important empirical facts regarding depreciation in the market value context. Begins with a subjective interpretation of the cost approach to value followed by a critical look at the traditional cost approach to market value, market value in the context of the opportunity cost approach and concludes with a hypothetical example based on a street in Dunedin, New Zealand.


OBSOLESCENCE
PROPERTY VALUATION
Valuation