Our methodology considers the three approaches to value, Income, Sales Comparison, and Cost. The income approach measures the present value of monetary benefits anticipated to be derived in the future from asset ownership with an identifiable income stream. The sales comparison approach utilizes sales, pending contracts, offers and the like of comparable assets to determine the mainstream market resale parameters. The cost approach derives a current value from the Replacement Cost New (RCN) by subtracting all forms of depreciation. The appraiser determines the most appropriate approach and provides an explanation in the appraisal report.