Suppose That an Appraiser Has Just Completed Her Analysis Using

question 28

Multiple Choice

Suppose that an appraiser has just completed her analysis using the cost approach to valuation.She has determined that the market value of the subject property is $400,000.If the
Added value of the site was $80,000 and accrued depreciation amounted to $50,000,what was the reproduction cost of the building?

• A)$270,000
• B)$370,000
• C)$430,000
• D)$530,000

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Definitions:

Self-Actualization

The completion or fulfillment of personal skills and potentialities, regarded as a vital pursuit or imperative in all human beings.

Self-Transcendence

A psychological state or process that involves transcending personal concerns, ego, and self-interest, often associated with experiences of deep connection to others, nature, or a higher purpose.

Mastery

The comprehensive knowledge or skill in a subject or accomplishment; achieving a command or understanding that suggests one is an expert.

Achievement Motivation

A drive or desire within individuals to accomplish goals, meet standards of excellence, or achieve success.