Skip to main content

Land value determination

Which method of determining land value is described by the steps below?
1. Estimate the value of the land at its highest and best use (the reasonably probable use that produces the highest property value)
2. Calculate the cost to replace the building or add improvements.
3. Calculate the estimated accrued depreciation and subtract this from the replacement cost or cost of the improvements.
4. Add the adjusted amount to the land value to render the total value of the property.
Answer
ARE 4.0 exam study: PPP

Comments

Post a Comment

Try These Too!

Moisture content in wood

The amount of shrinkage, weight, strength, and withdrawal resistance of nails is affected by the moisture content in wood. Wood that is grademarked kiln dry has a maximum moisture content of: A. 15% B. 19% C. 25% D. 30% Answer A. 15%. Dry lumber moisture content cannot exceed 19%. ARE 4.0 exam prep: SS
Post a Comment
See the answer »

Cantilevered beam

The bending moment in a cantilevered beam is negative. Which of the following statements are true? A. the top fibers are in compression B. the bottom fibers are in compression C. rebar placement should be either at the top or the bottom D. gravity loads are not a factor for negative moment Answer B. the bottom fibers are in compression in a cantilevered beam, so top fibers are in tension which requires rebar placement at the top to resist tension. ARE 4.0 exam prep: SS
Post a Comment
See the answer »

Methods for Joining Metals

Soldering uses lead- or tin-based alloy solder filler to join two metals.  The solder filler metal melts below what temperature? Answer below 500 degrees fahrenheit or 260 degrees celsius. ARE 4.0 exam prep: BDCS
Post a Comment
See the answer »