Question: 1. Which approach to value would be most appropriate for a specialized microchip factory? A. Cost approach B. Sales comparison approach C. Highest and best

1. Which approach to value would be most appropriate for a specialized microchip factory?

A. Cost approach

B. Sales comparison approach

C. Highest and best use

2. Land value is

A. To be included and adjusted for in the sales comparison approach

B. Estimated by recognizing the land as though vacant and available to be used at its highest and best use

C. Estimated as improved

3. The ideal improvement

A. All answers are correct

B. Takes maximum advantage of the site's potential

C. Consists of the most suitably priced cost components

D. Contains features and amenities that are most in demand by market participants-buyers and sellers

E. Conforms to current market standards and the character of the market area

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Which approach to value would be most appropriate for a specialized microchip factory? A. Cost approach B. Sales comparison approach C. Highest and best use A special purpose property that is...

Q:

Which approach to value would be most appropriate for a specialized microchip factory? Sales comparison approach Income approach Highest and best use Cost approach

Q:

any help with real estate please thank you Select situations which may call for an Appraisal (select all correct answers) Determining how much homeowner's insurance to purchase (assuming the...

Q:

The subject property is a supermarket anchored shopping center in a major suburban area. It has 32 tenants, 3 vacant spaces and a variable income stream. The most applicable approach to value is most...

Q:

The following information relates to Questions 13-28 First Life Insurance Company, Led, a life insurance company located in the United Kingdom, maintains a stock and bond portfolio and also invests...

Q:

All multiple question, major in Hospitality management. 4. The advisors to Creative Bliss Enterprises, the Marx Brothers, ask you to join them as they interview their first potential underwriting...

Q:

The following information relates to Questions 1328 First Life Insurance Company, Ltd., a life insurance company located in the United Kingdom, maintains a stock and bond portfolio and also invests...

Q:

4 ( 6 0 points ) . Applegate Financial is attempting to determine the current market value of a residential property assuming fee simple ownership. Table 1 presents information on the subject...

Q:

I need with these problems/exercises listed below (chapters attached). You must use the chapters to fill out the guidance report which is attached. Using the data for March/April Column. Chapter...

Q:

I need with these problems/exercises listed below (chapters attached). You must use the chapters to fill out the guidance report which is attached. Using the data for March/April Column. Chapter...

Q:

Two kilograms of water with a quality of 50% and a pressure of 1000 kPa are contained in the cylinder of Fig. 3.47 by a frictionless piston. The water is heated at constant pressure until the...

Q:

Melting point (C) of aluminum 600, 667, 654, 663, 662 Find a 99 % confidence interval for the mean of a normal population from the sample:

Q:

The date on which a bond is scheduled to pay its par value is known as the _ _ _ _ _ _ _ _ _ _ date. Question 8 options: 1 ) culmination 2 ) maturity 3 ) return 4 ) repayment 5 ) amortization

Q:

The previous question was provided to allow for comparison with expected market returns but i needed help with 23 23. Suppose that the contemplated bases project in question 22 has an initial...