Alice Brooks, a professional appraiser, based the value of a subjectsite on similarities and dissimilarities in comparison with two othersimilar parcels of land. This demonstrates which land valuationmethod? (1) Income comparison (3) Indirect comparison (4)Allocation

Land valuation is the process of estimating the monetary worth of a specific piece of land. It…

Answered: Alice Brooks, a professional appraiser,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Alice Brooks, a professional appraiser, based the value of a subject site on similarities and dissimilarities in comparison with two other similar parcels of land. This demonstrates which land valuation method? (1) Income comparison (3) Indirect comparison (4) Allocation