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1) What are Mass Appraisals and where are they used? Are they reliable?

1) What are Mass Appraisals and where are they used? Are they reliable?

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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1) What are Mass Appraisals and where are they used? Are they reliable? 2) Is comparison method applicable in other methods and how? 3) Mention possible sources of gathering comparable data. Are there any reliability issues on different sources of information? Discuss 4) Discuss about the "declared" and the "accepted" price on DLS transactions record. How would you treat these differences when applying the comparative Method? 5) Is the cost method of valuation always reliable? What can be done to make the valuations estimated using the cost method more reliable? 6) What types of properties are likely to be valued using the receipts and expenditure or profits method of valuation and why? Why is it necessary to adiust theaccounts. and add back certain items shown as expenses in the business records? marks) www Use 300 to 500 words for every answer
Transcribed Image Text:1) What are Mass Appraisals and where are they used? Are they reliable? 2) Is comparison method applicable in other methods and how? 3) Mention possible sources of gathering comparable data. Are there any reliability issues on different sources of information? Discuss 4) Discuss about the "declared" and the "accepted" price on DLS transactions record. How would you treat these differences when applying the comparative Method? 5) Is the cost method of valuation always reliable? What can be done to make the valuations estimated using the cost method more reliable? 6) What types of properties are likely to be valued using the receipts and expenditure or profits method of valuation and why? Why is it necessary to adiust theaccounts. and add back certain items shown as expenses in the business records? marks) www Use 300 to 500 words for every answer
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