Examlex
Which of the following statements is incorrect regarding an electrical injury?
Highest Use
An appraisal concept referring to the most probable use of a property or asset that is legally permissible, physically possible, financially feasible, and maximally productive.
Valuation Techniques
Methods and approaches used to determine the fair value of an asset, liability, or a company, based on assumptions of future cash flows, market trends, or comparative assets.
Fair Value Approach
An accounting method that measures assets and liabilities at estimates of their current market value rather than historical cost.
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