Examlex

Solved

Several Techniques Can Be Used to Obtain an Indication of Land

question 9

Multiple Choice

Several techniques can be used to obtain an indication of land value. The cost approach to valuation would most likely be used for which of the following properties?


Definitions:

Markdown

The reduction of a product's selling price, often to clear inventory or promote sales.

Mark-up

An enhancement to the price at which goods are bought to include expenses and profit.

Selling Price

The amount of money a buyer pays to purchase a product or service from a seller.

Mark-up

The uplift on the initial cost of items to cover business overheads and secure earnings.

Related Questions