What line item in the URAR Cost Approach captures total accrued depreciation costs?

The chosen answer, "Depreciated Cost of Improvements," accurately captures total accrued depreciation costs within the Uniform Residential Appraisal Report (URAR) using the Cost Approach. This line item reflects the current estimated value of the improvements after accounting for all forms of depreciation, including physical, functional, and external depreciation.

Accrued depreciation represents the loss in value of the property due to various factors, and this line item provides a direct measure of that loss. It essentially illustrates how much of the original value of the improvements has been lost over time, thus allowing appraisers and stakeholders to understand the current worth of the improvements in relation to their replacement cost.

The other options do not specifically focus on accrued depreciation. The "Indicated Value By Cost Approach" summarizes the overall value conclusion based on the Cost Approach but does not detail how much depreciation has affected the value of the improvements. "Opinion of Site Value" pertains solely to the land value without considering the improvements or their depreciation. Lastly, "Total Estimate of Cost-New" refers to the estimated cost to replace the improvements without factoring in any depreciation, showcasing only the replacement cost rather than the depreciated value.