Which of the following is NOT one of the three main approaches to property valuation recognised by the Australian Property Institute?
Correct Answer
D) A standalone depreciation approach
The three recognised valuation approaches are comparison, cost (summation), and income (capitalisation). Depreciation is a component considered within the cost approach, not a standalone valuation method.
Why This Is the Correct Answer
The three recognised approaches are comparison, cost (summation) and income (capitalisation). Depreciation is a step inside the cost approach, not a method of valuation in its own right.
Why the Other Options Are Wrong
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