Suppose That an Appraiser Has Just Completed Her Analysis Using

question 22

Multiple Choice

Suppose that an appraiser has just completed her analysis using the cost approach to valuation. She has determined that the reproduction cost of the subject property is $370,000. If the added value of the site was $80,000 and accrued depreciation amounted to $50,000, what was the estimated value of the building using the cost approach?

• A) $320,000
• B) $370,000
• C) $400,000
• D) $500,000

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Definitions:

Dire Need

A situation expressing extreme urgency or pressing necessity, often relating to basic survival requirements.

First Aid

Immediate and temporary care given to an individual who is injured or suddenly becomes ill, before professional medical help is available.

Helping Others

Engaging in actions or behaviors that provide support, assistance, or benefit to someone other than oneself.

Altruistic Behavior

Altruistic Behavior is when individuals act to promote someone else's welfare, even at a cost or risk to themselves.