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Question
In: Finance
A licensee is using the cost approach to develop a proce opinion for a library, what calculation should be performed next ?
Solutions
Expert Solution
The right option is “D) Estimate current of improvement”
Explanation:
In the cost approach method the property valuation is done by estimating the price buyer will pay should be equivalent to the cost of constructing a similar building. The value of property includes the price of land plus the cost of any additional construction required to reduce the depreciation cost.
Hence, D is correct.
The right option is “D) Estimate current of improvement”
Junaid answered 2 years agoRelated Solutions
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