The subject building was reported to cost $4,560,000 when it was built 11 years ago. The...
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The subject building was reported to cost $4,560,000 when it was built 11 years ago. The comparative cost multiplier for the subject's area in the year of construction was 1.5656. Determine the cost estimate as of today using cost index trending calculation (round your answer to the nearest $1,000). The subject building was reported to cost $4,560,000 when it was built 11 years ago. The comparative cost multiplier for the subject's area in the year of construction was 1.5656. Determine the cost estimate as of today using cost index trending calculation (round your answer to the nearest $1,000).
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Answer rating: 100% (QA)
Plugging in the numbers we get Current cost index 15656 x 132 2065872 To esti... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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