THE COST APPROACH UNDER FASB ASC 820, FAIR VALUE MEASUREMENTECONOMIC FOUNDATION FOR THE COST APPROACHCOST VERSUS PRICE VERSUS FAIR VALUETHE ROLE OF EXPECTED ECONOMIC BENEFITS IN THE COST APPROACHREPRODUCTION COST VERSUS REPLACEMENT COSTCOMPONENTS OF COSTOBSOLESCENCETHE RELATIONSHIPS AMONG COST, OBSOLESCENCE, AND VALUEPHYSICAL DETERIORATIONFUNCTIONAL (TECHNOLOGICAL) OBSOLESCENCEECONOMIC (EXTERNAL) OBSOLESCENCEAPPLYING THE COST APPROACHTAXES UNDER THE COST APPROACHLIMITATIONS OF THE COST APPROACHCONCLUSIONNOTES