FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A building, 80 feet wide and 125 feet long, would cost $70 per square foot to replace. The land is valued at $100,000. The building

A building, 80 feet wide and 125 feet long, would cost $70 per square foot to replace. The land is valued at $100,000. The building was estimated to have an economic life of 40 years and is now effectively ten years old. What is the estimated value of this real estate by the cost approach to value?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Solution The cost approach to value estimates the value of a property by considering the cost of rep... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Advanced Accounting

Authors: Gail Fayerman

1st Canadian Edition

9781118774113, 1118774116, 111803791X, 978-1118037911

More Books

Students also viewed these Finance questions

Question

★★★★★
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★
The following questions are used in the Kaplan CPA Review Course to study property, plant, and equipment and intangible assets while preparing for the CPA examination. Determine the response that...

Answered: 1 week ago

Question

★★★★★
Jinny Buffett recently retired as a flight attendant and is interested in opening a fitness center and health spa exclusively for women in Grand Cayman, where she resides. After careful study, she is...

Answered: 1 week ago

Question

★★★★★
Sketch the six graphs of the x- and y-components of position, velocity, and acceleration versus time for projectile motion with x 0 = y 0 = 0 and 0 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
Write a research paper which will describe, compare and contrast Database Backup & Disaster Planning. (a) Describe Database Backup (b) Describe Disaster Planning (c) Highlight the importance of the...

Answered: 1 week ago

Question

★★★★★
Why do some people believe that marketing is not necessary in private clubs? AppendixLO1

Answered: 1 week ago

Question

★★★★★
1. Understand why a psychological analysis of deception and its detection is important in a criminal investigation and in court

Answered: 1 week ago

Question

★★★★★
Progressive Company reported the following asset values in 2014 and 2015: In addition, in 2015, Progressive had sales of $4,800,000; cost of goods sold for the year was $2,900,000. As of the end of...

Answered: 1 week ago

Question

★★★★★
Ms . Suzanne Morphy is a full time architect. She is also sells vegetables on the side from a small farm she runs in her backyard. In 2 0 1 8 , the first year of operation, she had a loss of $ 4 2 0...

Answered: 1 week ago

Question

★★★★★
Complete the following tasks using the templates provided in FNSACC421_AT2_TMP_v1 and the information and data provided in Appendix A for Golden Steer, including their procedural guidelines. Enter...

Answered: 1 week ago

Question

★★★★★
per unit C- Rana works for a sewing factory manufacturing T-shirts. She is paid on the following onthly differential pay scale: Units produced Amount 1 - 50 $ 1.80 51 - 80 $ 2.20 81 - 100 $ 2.50 Over...

Answered: 1 week ago

Question

★★★★★
A 10.0 g bullet moves at a constant speed of 500.0 m/s and collides with a 1.50 kg wooden block initially at rest. The surface of the table is frictionless and 70.0 cm above the floor level. After...

Answered: 1 week ago

Question

★★★★★
After executing of the following assembly program, what is the final value for Output in hexadecimal form? ORG 100 Load indig Store X Loop, Load X Subt Hundred SkipCond 000 Jump Endloop Load X Add...

Answered: 1 week ago

Question

★★★★★
a . Break students into small groups b . Review the following case scenario Sharon Sandhu is an experienced HCA working for a Home Support agency. Sharon has struggled with her weight for many years,...

Answered: 1 week ago

Question

★★★★★
we created a diagonal from the bottom left corner to the top right corner. Instead, write code that will create a purple diagonal from the top left to the bottom right corner. Hint: try writing the x...

Answered: 1 week ago

Question

★★★★★
Best Buy's monthly demand for an Olympus Digital Camera FX 5500 is Poisson distributed with a mean of 3 cameras/month. The order quantity is 6 cameras, holding costs are $6.00 per camera per year,...

Answered: 1 week ago

Question

★★★★★
why table manners in business so hard to follow?

Answered: 1 week ago

Question

★★★★★
A stock has had returns of 8 percent, 26 percent, 14 percent, 17 percent, 31 percent, and 1 percent over the last six years. What are the arithmetic and geometric average returns for the stock?

Answered: 1 week ago

Question

★★★★★
You are a senior member of the financial reporting team reporting to the Commissioner of Finance of the Town of Greenville. The following is a list of units and their relationship with the town...

Answered: 1 week ago

Question

★★★★★
At January 1, 2010, ILS acquired 80% of the share capital of LBEX for $290,000. At this date the statement of nancial position of LBEX, including comparative information on fair values for assets,...

Answered: 1 week ago

Question

★★★★★
A Canadian company has purchased 15,000 of inventory that has been delivered and must be paid for in three months. The company is very risk averse. How might it eliminate the foreign currency risk?

Answered: 1 week ago

Question

★★★★★
A $100,000, 168-day Government of Canada Treasury bill was purchased on its date of issue to yield 3.7%. a. What price did the investor pay? b. CalculatethemarketvalueoftheT-bill85days later if the...

Answered: 1 week ago

Question

★★★★★
If $3702.40 earned $212.45 interest from September 17, 2004, to March 11, 2005, what rate of interest was earned?

Answered: 1 week ago

Question

★★★★★
On a $10,000 principal investment, a bank offered interest rates of 3.45% on 270- to 364-day GICs and 3.15% on 180- to 269-day GICs. How much more will an investor earn from a 364-day GIC than from...

Answered: 1 week ago

Previous Question Next Question