An appraiser is valuing an office building. Net operating income is $83,500 per year with 63% being

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An appraiser is valuing an office building. Net operating income is $83,500 per year with 63% being attributable to the building. The market-derived capitalization rate for land is 8.15%.

What is the value of the land?

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Modern Advanced Accounting in Canada

ISBN: 978-1259087554

7th edition

Authors: Hilton Murray, Herauf Darrell

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Posted Date: May 04, 2023 06:43 AM

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An appraiser is valuing an office building. Net operating income is $83,500 per year with 63% being

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The value of the land can be determined by first calculating the total value of the office building ... View the full answer

Modern Advanced Accounting in Canada

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