13-29The Appraisal Concept That the Best Indicator of Value Is

question 19

Multiple Choice

13-29.The appraisal concept that the best indicator of value is the price of properties of the same quality in the same neighborhood is called:

• A) the cost approach
• B) the comparable approach
• C) the market approach
• D) all of the above

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.