Question
Real estate property- 935 Bianca Court- current assessed value for year 2021= $379,000. Actual age of property is 11 years. it was built in 2010.
Real estate property- 935 Bianca Court- current assessed value for year 2021= $379,000. Actual age of property is 11 years. it was built in 2010.
.1. find a PLOT PLAN for this property
2. Calculate market deriving economic life and calculate remaining economic life.
The easiest and best support is an analysis of demolitions. Effective age must be a reasoned estimate.
The more it deviates from actual age the more reasoning that is required.
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
