IF INCOME APPROACH IS CONSIDERED IN PREVIOUS YEARS FOR COMPLATED PROPERTIES AND NOW DURING REVALUATION A NEWLY CONSTRUCTED PROPERTY IS INCLUDED THEN HOW INCOME APPROACH WOULD BE APPLIED FOR NEWLY CONSUTRCUTED WHICH IS NOT YET LEASED.
Can cost approach be used for newly constructed property different than income approach.
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Revaluation of Leasehold land
Treatment for revaluation of land