Question
A broker is developing an opinion of value by starting with the value of the land, adding the price to construct the improvements, and then
A broker is developing an opinion of value by starting with the value of the land, adding the price to construct the improvements, and then subtracting the amount of accrued depreciation. He is estimating the property value using the:
1. cost approach
2. income approach
3. gross rent multiplier
4. market comparison approach
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Fundamentals of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
1st canadian edition
978-0133400694
