This webinar will focus on the application of the cost approach and whether the cost approach, if appropriately applied, can determine an accurate current value. Emphasis will be on the derivation of value for single and special purpose properties. The presenters will discuss whether the cost valuation methodology, as it is typically applied, is capable of providing a realistic estimate of value. The application of the market sales and income approaches will be discussed. The challenges dealing with the ability to estimate a replacement cost new and depreciation allowances will be discussed.