When appraising real property, the appraiser attempts to estimate value. The value arrived at by the appraiser is:
A: Based upon the replacement cost;
B: Based upon an analysis of facts as of a given and specified date;
C: Derived from income data covering at least the preceding six months;
D: Projected from original cost less depreciation and adjusted for inflation.
Answer: B: Based upon an analysis of facts as of a given and specified date;
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Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2.00 per 12 oz. bottle. The following data has been collected:
Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is a) $0.60. b) $0.16. c) $0.40. d) $0.44.
Describe the activities that occur at each stage of a project
What will be an ideal response?