Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which one of the valuation approaches is based on the premise that close substitutes should sell for similar prices in a competitive market? none of
Which one of the valuation approaches is based on the premise that close substitutes should sell for similar prices in a competitive market?
none of the approaches are based on this premise.
The income approach.
The cost approach.
The sales comparison approach.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started