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Post University ACC 325 1)What are some general objectives of appraisals? If a building for sale has an estimated market value of $800,000, could it at the same time have an investment value of $10,000,000? Why or why not? What does the term highest and best use concept mean? When is this concept applicable? What are the three basic valuation approaches? The market approach bases its estimates on comparable assets
Post University
ACC 325
1)What are some general objectives of appraisals?
- If a building for sale has an estimated market value of $800,000, could it at the same time have an investment value of $10,000,000? Why or why not?
- What does the term highest and best use concept mean? When is this concept applicable?
- What are the three basic valuation approaches?
- The market approach bases its estimates on comparable assets. Explain.
- What is meant by economic income in relation to the discounted income method?
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