Which method is least likely to be used for calculating depreciation in property damage claims?

The market comparison method is least likely to be used for calculating depreciation in property damage claims because this approach mainly focuses on determining the value of a property based on comparable sales in the market. It assesses the worth of the property in relation to similar properties and their selling prices, rather than directly addressing the concept of depreciation.

In contrast, the straight-line method, replacement cost method, and historical cost method are more aligned with calculating depreciation. The straight-line method allocates a consistent depreciation expense over the useful life of the property. The replacement cost method estimates the cost to replace the property minus depreciation, considering current costs for similar materials and labor. The historical cost method looks at the original cost of the property and factors in depreciation over time based on its useful life and wear and tear.

Given these distinctions, the market comparison method does not inherently provide a formulaic approach to determining depreciation, making it the least suitable for this specific context.