Question: PLEASE TRY TO ANSWER BOTH. 1. The building residual technique is used when: a. the building value is known b. the land value is known

PLEASE TRY TO ANSWER BOTH.

1. The building residual technique is used when:

a. the building value is known

b. the land value is known

c. comparable land sales data is not avaliable

d. the replacement cost of the building is known

2. Which of the following is the most basic and straightforward method to calculate accrued depreciation?

a. cost to cure method

b. economic age/life method

c. modified age/life method

d. breakdown method

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