1. A condominium has an economic life of 95 years, and an effective age of 20 years. The current cost to reproduce the improvements is $450,000. Using the straight-line method, what is the amount of depreciation that should be charged against this structure? 2.Which of the following statements describes the reconciliation process? a. A mathematical process that uses a strict set of rules b. Uses factual data and statistics, but is ultimately not a mathematical process c. The widening of a range of value estimates d. Entirely arbitrary and makes no use of factual data or statistics
1. A condominium has an economic life of 95 years, and an effective age of 20 years. The current cost to reproduce the improvements is $450,000. Using the straight-line method, what is the amount of depreciation that should be charged against this structure? 2.Which of the following statements describes the reconciliation process? a. A mathematical process that uses a strict set of rules b. Uses factual data and statistics, but is ultimately not a mathematical process c. The widening of a range of value estimates d. Entirely arbitrary and makes no use of factual data or statistics
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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this is for real estate apprasial. that just wasn't a subject choice.
1. A condominium has an economic life of 95 years, and an effective age of 20 years. The current cost to reproduce the improvements is $450,000. Using the straight-line method, what is the amount of
2.Which of the following statements describes the reconciliation process?
a. A mathematical process that uses a strict set of rules
b. Uses factual data and statistics, but is ultimately not a mathematical process
c. The widening of a range of value estimates
d. Entirely arbitrary and makes no use of factual data or statistics
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