Which of the Following Steps Normally Would Be Used in the Cost

question 14

Multiple Choice

Which of the following steps normally would be used in the cost approach to value?

• A)Estimate net operating income of the property
• B)Multiply accrued depreciation by the assessed cost
• C)Add actual construction costs to the land value
• D)Subtract accrued depreciation from the replacement cost

---

Definitions:

MR=MC

MR=MC is an economic principle stating that optimal production quantity is reached when marginal revenue equals marginal cost.

Theme Parks

Large outdoor entertainment venues designed around a specific theme, featuring rides, shows, and attractions for visitors.

Maximum Price

The highest legal price a seller can charge for a product or service, often set by government regulations.

Unlimited Rides

Refers to the purchase of a pass or ticket that allows the holder to take an unlimited number of rides within a set period, often used in amusement parks or public transportation systems.