Question 1 and question 4 needs to get answered.

te that the use of a basic calculator is recommended for some of the questions. is an example of an indirect cost, whereas are examples of direct costs. () Building permits; appraisal, accounting, and 2 Equipment used in construction; architectural and engineering fees for plans Administrative expenses of the developer; marketing costs ansdes commissions Property taxes during construction; labour and materials used in construction Which of the following statements is FALSE? (1) Most appraisers do not have the expertise necessary to apply the quantity survey method. (2) Entrepreneurial profit is always included in published cost data. (3) Entrepreneurial incentive represents the amount that an entrepreneur expects to receive as compensation for the development of a project. (4) The cost of superadequate features is included in a reproduction cost estimate. Entrepreneurial profit is the difference between the A a) A contractor's profit and the (B) B - developer's profit A - total cost of development B market value (3) A- direct costs (4) A total cost of development B contractor's and d B = indirect costs Which of the following statements is TRUE? (1) If the cost approach produces a value that is higher than the direct comparison or incom approaches, it may be an indication that the development is not economically feasible. (2) The cost approach results in an indication of the value of the leased fee interest in a property (3) The cost approach can only be used to value new properties. (4) A proposed development is considered financially feasible when market value equals total hard and soft costs. In the cost approach, reproduction or replacement cost includes all of the following, EXCEPT 1) direct or hard costs 2) indirect or soft costs. fixed and variable expenses. entrepreneurial profit