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

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

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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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 'adjusť the accounts and 'add back' certain items shown as expenses in the business records?
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 'adjusť the accounts and 'add back' certain items shown as expenses in the business records?
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