7. When an improvement is new and represents the highest and best use of the property, usually equals A. the mortgage value. B. the salvage value. C. the market value. the cost comq ucAcL pc oT Jon ai biolbrnsl ph no boasd sonsisd A uce icdncr pseeq ou Bthe assessed value. Coubcugou 8. A small shopping mall has a capitalization rate of 9% and a value of $270,000. If a capitalization rate of 10% were used instead, the value of the property would be A. $243,000. B. $270,000. C. $300,000. D. $315,000. loordba gaibisod svin aclq-ni-sinu odi m tool-oaupa od

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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7 and 8 I’m stuck on.
homes on one block in order to have a large con-
tiguous property where the developer can build
town houses. This action is called
A plottage.
B. progression.
Areconciliation.
Degression.
7. When an improvement is new
the highest and best use of the
usually equals
and
represents
the cost
property,
mortgage value.
B. the salvage value.
C. the market value.
the assessed value.
A. the
comq ueAcE
ton ai biolbnsl odT
s0 nusisd A
uce iedncar psecq ou
P COubeugou
8. A small shopping mall has a capitalization rate of
9% and a value of $270,000. If a capitalization
rate of 10% were used instead, the value of the
would be
loordbe gnibisod ssvinq
6borlis homimoo 2om
property
A. $243,000.
B. $270,000.
C. $300,000.
D. $315,000.
V qe dnsu ermAch
aclq-ai-sinu sdi a
dm sool-91upa od
9. The appraisal value holding that the maximum
value of a
of nurchasing an equally desirable and valuable
property
tends to be set by the cost
Transcribed Image Text:homes on one block in order to have a large con- tiguous property where the developer can build town houses. This action is called A plottage. B. progression. Areconciliation. Degression. 7. When an improvement is new the highest and best use of the usually equals and represents the cost property, mortgage value. B. the salvage value. C. the market value. the assessed value. A. the comq ueAcE ton ai biolbnsl odT s0 nusisd A uce iedncar psecq ou P COubeugou 8. A small shopping mall has a capitalization rate of 9% and a value of $270,000. If a capitalization rate of 10% were used instead, the value of the would be loordbe gnibisod ssvinq 6borlis homimoo 2om property A. $243,000. B. $270,000. C. $300,000. D. $315,000. V qe dnsu ermAch aclq-ai-sinu sdi a dm sool-91upa od 9. The appraisal value holding that the maximum value of a of nurchasing an equally desirable and valuable property tends to be set by the cost
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