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

Q: An intangible asset may be recorded:  Select one: a. . at the cost of the asset, which must exclude…

A: Solution: An intangible asset may be recorded, "if acquired from an external party at a cost."

Q: It is sometimes said that land represents “residual” value. This statement reflects the fact that…

A: Answer: Whether the given statement is true: When costs arose in improvement costs do not differ…

Q: Land improvements include: Oa. surveying fees. Ob. sales tax. Oc. freight. Od. outdoor lighting.

A: Concept of Land Improvement Examples of land improvements include paved parking areas, driveways,…

Q: Explain the Appraisal Process and Approaches to Valuation?

A: Buyers who intend to buy a property often obtain it on loan. Lenders provide the loan on security of…

Q: Ogden Self Storage purchased land, paying $175,000 cash as a down payment and signing a $155,000…

A: Land and building are the non-current assets which are reported in the balance sheet. These assets…

Q: a) Describe the circumstances in which the revaluation model may be used in relation to non-current…

A: The revaluation model may be used in the following circumstances: 1)   If the fair value of the…

Q: how the value of the property is established through an appraisal?

A: Appraisal of a property is done to understand the highest probable price for a property and to…

Q: Analyze how different types intangible assets are accounted for.

A: An asset is intangible when it cannot be seen, which means the asset that does not have any physical…

Q: Access the Codification glossary (“Master Glossary”) to answer the following. a. What is the…

A: a.

Q: which metric is used as the profitability metric and explain what it evaluate?

A: Profitability Matric is somewhere helps to analyse the financial performance and financial position…

Q: The relationship of theory to measurement is very important. Measurement is the assignment of…

A: Arguments for the use of historical cost:1. Objectivity: Historical cost is based on actual…

Q: By looking at these real life samples of Financial Statements prepared in accordance to PAS/IAS:,…

A: Biological assets are living assets like plants and animals owned by the business. For example,…

Q: Explain and evaluate the eff ects on financial statements and ratios of impairment, revaluation, and…

A: Financial statements are written records maintained to convey the financial activities and financial…

Q: Distinguish between the cost of land and the cost of land improvements with example.

A: Land improvements means any type of alteration to the land to make it more usable. Land improvements…

Q: Consider the following like-kind exchanges: (Click the icon to view the like-kind exchanges.)…

A: Realized Gain = FMV of Boot Received + FMV of Land Received - Basis of Land ExchangedRecognized Gain…

Q: Explain how the accounting treatment differs between purchased and internally developed intangible…

A: Intangible assets: Intangible assets are the long-term assets having no physical existence. However,…

Q: "The valuation of real estate is based on a cobination of facts, assumptions and judgement"…

A: Investment Valuation is a method which has been adopted by the company or the investor to value the…

Q: Which one of the following is an intangible asset?

A: We know that as per IAS 38 vis a vis IFRS 38 an intangible asset is an identifiable non monetary…

Q: Assess the standard deviation factor's significance in comparing assets critically.

A: This question explains about assess the standard deviation factor's significance in comparing assets…

Q: Which Sources of Data Used for Real Estate Performance Measurement?

A: Measurement of real estate performance is very important as investors make investment in real estate…

Q: Different categories of financial assets are valued differently in the balance sheet.  The different…

A: SOLUTION:- The company needs to look at its balance sheet and identify tangible and intangible…

Q: An individual who's job is to identify well located vacant land is likely to be vorking for a…

A: answer:construction

Q: Consider the following information regarding the performance of a money manager in a recent month.…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: Th e valuation technique under which assets are recorded at the amount that would be received in an…

A: There are many valuation technique like cost method, market value method, base stock method, present…

Q: Before testing property, plant, and equipment (PPE) and finite-life intangible (FLI) assets,…

A: The objective of the question is to understand the process a firm follows in assessing Property,…

Q: 26. What is the general formula for calculating the gain or loss realized on the sale or other…

A: The gain or loss on the sale of the property can determine with the help of the difference between…

Q: if alternate valuation is elected, the value of the property must be entered for:

A: Alternate Valuation = Means valuation of the gross estate of a decedent for estate tax purposes as…

Q: Briefly explain the differences and similarities between the group approach and composite approach…

A: Group depreciation method:The group depreciation method defines the group of depreciable assets is…

Q: Outline the main factors to be considered in selecting an appropriate depreciation method.

A: The main factors to be considered when the choosing the appropriate depreciation method are: 1.…

Q: Indicate in the blank spaces below, the section of the balance sheet where the following items are…

A: We have the following information: Property Plant & Equipment: PPE Intangible: I Others: O Not…

Q: What are the three methods to account for depreciation? What are the differences between the three…

A: Methods of depreciation Straight line method Declining/ Diminishing balance method Sum-of-the-year…

Q: S1: Special Assessments shall form part of the cost of land. S2: Cost of option to buy a property…

A: S1: Special Assessments shall form part of the cost of land. This statement is true. Special…

Q: Explain the concept of VALUE IN USE. Why can it be a basis for recoverable amount of an item of…

A: Value in use means the asset’s net worth for the present time. Value in use is used to take decision…

Q: how the appraiser will adjust the comparable sales for any differencesbetween the subject property…

A: To qualify as a comparable a property must resemble the subject in size, shape, design, utility and…

Q: Define and discuss survivorship bias and selection bias, and how they affect reported returns of…

A: Survivorship bias is a type of bias in which a person has a tendency to view the performance of…

Q: (Multiple Choice Question) The cost of land includes   1. The purchase price of the land, plus the…

A: The overall cost of owning a piece of land or lot with certain land use as well as ownership is…

Q: The right-of-use asset may be measured using the following models except for: Group of answer…

A: The right of use asset is measured by adding the lease liability and initial direct cost of the…

Q: For the given asset, A plot of land for your personal use, state whether the asset is tangible/…

A: An asset is depreciable asset if it satisfies three criteria as mentioned under: It is held for…

Q: Discuss 3 different approaches (Sales comparison or market, income and cost approaches) to real…

A: Real estate valuation or appraisal can be done by using three approaches namely comparable sales…

Q: Which one of the following disclousures is required by generally accepted accounting principle? a.…

A: The correct option is B. Balances of major classes of depreciable assets, by nature or function.