Section 4.4.3.4
4.4.3.4. Depreciation.All appropriate forms of depreciation, including physical deterioration, functional obsolescence, and economic obsolescence, must be derived from market data and deducted from the estimated reproduction or replacement cost.568 Depreciation may vary depending on the locality, purpose, and type of improvements, among other factors.569 “The sales comparison or abstraction method of estimating depreciation is particularly reliable.”570