Appraiser Bob calculates the total accrued depreciation for a subject property using the market extraction method. Which of the following does Bob NOT do during his calculation?
a) To calculate the depreciation rate for a comparable property, the appraiser subtracts the dollar amount of depreciation from the improvements' age.
b) To calculate the dollar amount of depreciation for a comparable property, the appraiser subtracts the depreciated value from the improvements' reproduction cost.
c) To calculate the improvements' depreciated value for a comparable property, the appraiser subtracts the property's land value from its selling price.
d) To determine the annual depreciation rate, the appraiser applies the percentage rate, divided by the age of the subject property's improvements.