The market (sale comparison) approach to value is most important for determining the value of:
a. special purpose properties
b. commercial property
c. existing residential homes
d. income producing property
Answer: c. existing residential homes
Business
You might also like to view...
Deposits held as compensating balances
a. usually do not earn interest. b. if legally restricted and held against short-term credit may be included as cash. c. if legally restricted and held against long-term credit may be included among current assets. d. none of these.
Business
If a lessee abandons a lease prior to the expiration date, the lessor may:
a. leave the premises unoccupied and sue for the entire lease amount b. lease the property again and collect from two sources c. leave the premises unoccupied and sue for each installment as it becomes due d. either 'a' or 'b'
Business