An appraiser performs the sales comparison, cost-depreciation, and income approaches in an appraisal assignment. The indicated values
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Question:
An appraiser performs the sales comparison, cost-depreciation, and income approaches in an appraisal assignment. The indicated values from each approach are:
Sales comparison$365,500
Cost-depreciation$342,800
Income approach$340,250
The appraiser believes that the sales comparison approach was the most relevant for the appraisal assignment, so he gives this approach 70% weight. He gives the cost approach 20% weight and the remaining weight is applied to the income approach. What is the final reconciled estimate of value for the subject property?
Related Book For
Fundamentals of Advanced Accounting
ISBN: 978-0077862237
6th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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