Accrued depreciation meaning

When appraisers use the cost approach to calculate value, the accrued depreciation is:

  1.  subtracted from the depreciated cost
  2.  is based on assessed value
  3.  subtracted from the replacement cost
  4.  not taken into consideration

The answer is C. Accrued depreciation is defined as total depreciation from all sources. In the cost approach, it is subtracted from the replacement cost of the property.