cost approach

cost approach. A method of appraising real property, based on the cost of building a new structure with the same utility, assuming that an informed buyer would pay no more for the property than it would cost to build a new structure having the same usefulness. Cf. MARKET APPROACH; INCOME APPROACH. [Cases: Taxation 348(4).]

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词条贡献者

双语律师Nanda，国际知名法学院国际法专业，擅长翻译各类与生物医学诉讼相关的法律文件。