Question
An appraiser performs the sales comparison, cost-depreciation, and income approaches in an appraisal assignment. The indicated values from each approach are: Sales comparison$365,500 Cost-depreciation$342,800 Income
An appraiser performs the sales comparison, cost-depreciation, and income approaches in an appraisal assignment. The indicated values from each approach are:
Sales comparison$365,500
Cost-depreciation$342,800
Income approach$340,250
The appraiser believes that the sales comparison approach was the most relevant for the appraisal assignment, so he gives this approach 70% weight. He gives the cost approach 20% weight and the remaining weight is applied to the income approach. What is the final reconciled estimate of value for the subject property?
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
6th edition
0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237
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