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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% $46,530.00 <br /> Functional Obsolescence 0.00% $0.00 <br /> External Obsolescence 0.00% $0.00 <br /> Total 33.00% $46,530.00 <br /> Cost approach summ <br /> COST APPROACH SUMMARY <br /> Construction Cost : $141,000 <br /> Estimated Accrued Depreciation $46,530 <br /> Depreciated Cost Estimate - l $94,470 <br /> Total Value Indicated y I $94,470 <br /> ESTIMATE BASED ON COST APPROACH IS: $95,000 (rounded) <br /> ADD SITE IMPROVEMENTS: <br /> We are adding $55,000 for site improvements, which include gravel parking area, some concrete <br /> work, an old lean-to, and a Standard Mobilized Radio Antenna. The antenna is estimated to <br /> _ contribute $35,000 to market value, as it has a lease for $3 per year, which capitalized at -- <br /> 11 %, is rounded, $35,000. <br /> 15 <br />