Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. A unit of comparison is a common denominator used to facilitate the analysis of a parcel that has been sold and the subject site.
1. A unit of comparison is a common denominator used to facilitate the analysis of a parcel that has been sold and the subject site. Each sale is stated in terms of appropriate unit of comparison. Large tracts of agricultural and residential land are usually traded on this basis:
A. Price per acre
B. Price per animal unit
C. Price per dwelling unit
2. The cost amount required to construct an exact duplicate of the subject improvements, at current prices is called:
A. Reproduction cost
B. Indirect cost
C. Direct cost
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started