Which line item in the Cost Approach section in the URAR form is used to capture the appraiser's total cost estimate for the accrued depreciation costs?

The line item that captures the appraiser's total cost estimate for accrued depreciation costs is the "Depreciated Cost of Improvements." This item reflects the appraiser's assessment of the current value of the property's improvements after accounting for any loss in value due to age, wear and tear, or other factors affecting the property's condition.

In the context of the Cost Approach, the appraiser calculates the Replacement Cost of Improvements, which is the cost to replace the building or structure with a similar one, and then deducts accrued depreciation from this amount. The resulting figure, known as the Depreciated Cost of Improvements, provides an accurate representation of the value of the improvements at the time of the appraisal.

Understanding this process is crucial, as it highlights the importance of evaluating not just the replacement cost but also the impact of depreciation, which can significantly affect overall property value.