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Functional Obs olescenc e: <br /> No functional depreciation was considered. <br /> External Obsolescence: <br /> No external depreciation was considered. <br /> TOTAL DEPRECIATION <br /> Physical Depreciation 47.00% $56,400.00 <br /> Functional Obsolescence 0.00% $0.00 <br /> External Obsolescence 0.00% $0.00 <br /> Total 47.00% $56,400.00 <br /> - <br /> ,Cost approach summary: <br /> COST APPROACH SUMMARY <br /> Construction Cost $120,000 <br /> Estimated Accrued Depreciation $56,400 <br /> Depreciated Cost Estimate $63,600 <br /> Total Value Indicated $63,600 <br /> ESTIMATE BASED ON COST APPROACH IS: $64,000 (rounded) <br /> 13 <br />