Question
A comparable property sold recently for $153,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3%
A comparable property sold recently for $153,000. The adjustments for the various elements of comparison have been calculated as follows:
Location: -1% Market Conditions: +3% Physical Characteristics: +$12,500 Financing Terms: -$2,000 Conditions of Sale: none Property Rights Conveyed: none Use: none Non-Realty Components: -$3,000
Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable?
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
