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Functional Obsolescence: <br /> No functional depreciation was considered. <br /> External Obsolescence: <br /> No external depreciation was considered. <br /> TOTAL DEPRECIATION <br /> Physical Depreciation 33.00% $24,090.00 <br /> Functional Obsolescence 0.00% $0.00 <br /> External Obsolescence 0.00% $0.00 <br /> Total 33.00% $24,090.00 <br /> Cost approach summary; <br /> COST APPROACH SUMMARY <br /> Construction Cost $73,000 <br /> Estimated Accrued Depreciation $24,090 <br /> Depreciated Cost Estimate 3 $48,910 <br /> M, <br /> Total Value Indicated $48,910 <br /> ESTIMATE BASED ON COST APPROACH IS: $49,000 (rounded) <br /> 11 <br />