Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

1. Chart describes adjustments made to three sales:

                       Sale 1 Sale 2 Sale 3
Selling Price $150,000 $160,000 $140,000
Adjustment #1 +10,000 -5,000 +20,000
Adjustment #2 -10,000 -5,000 -10,000
Indicated Value $150,000 $150,000 $150,000

Which sale is the most comparable to subject probperty?

i) Sale 1
ii) Sale 2
iii) Sale 3
iv) All of the sales are equally comparable

2. Fieldwork for tan appraisal assignment of 10-acre parcel of R-3 (apartment) land, on which building permits have been obtained, indicates comparably located and zoned sites are selling for $10.00 per square foot. Though, a recently enacted city Specific Plan calls for downzoning of 10-acre parcel to R-1, which permits four units to acre. Single-family lots are selling for $100,000, which comprises 25% for developer's cost and profit. What impact does new Specific Plan have on property value if apartments are built?

i) -54%
ii) -31%
iii) 0%
iv) +31%

3. Subject is 1,900 square foot, 25-year-old single-family residence which is typical for neighborhood. These homes are well designed and suffer no external obsolescence. Very comparable 20-year old neighboring home, of 2,000 square feet, just sold for $231,600. Current replacement cost is evaluated at $140 per square foot. Lots in neighborhood have sold for $50,000. Approximately how much depreciation does subject suffer?

i) $93,000
ii) $116,000
iii) $138,000
iv) Cannot be estimated based on the data given

4. If subject property is located in Eastwood and has 105 units, what is the most supportable per unit location adjustment for Sale 5?

i) -$14,000
ii) -$16,000
iii) -$20,000
iv) -$22,000

5. If subject property is located in Westwood and has 74 units, what is its value?

i) Less than $6,600,000
ii) $6,600,000 to $6,699,999
iii) $6,700,000 to $6,799,999
iv) $6,800,000 or more

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M922472

Have any Question? 


Related Questions in Accounting Basics

Fasb ongoing projectproject objectivedescribe the history

FASB Ongoing Project Project Objective Describe the history, current status, and adoption implications of a Financial Accounting Standards Board ongoing project. Requirements The FASB has several ongoing projects that in ...

Company name is chevronapply ifrs 1 adopting ifrs and rev

Company name is Chevron Apply IFRS 1, "Adopting IFRS" and "Rev Rec" to your U.S. company used in the "Comparison Project" for the final effort in class which is to develop a plan for the transition to both IFRS and Rev R ...

Assignment - you are an investment analystas the cfo of

Assignment - You Are an Investment Analyst As the CFO of your corporation, you are in charge of preparing and analyzing financial statements that will be presented to potential investors and creditors. However, before yo ...

Introductory accounting assignment question 1 - the

INTRODUCTORY ACCOUNTING ASSIGNMENT QUESTION 1 - The information given below was extracted from the books of KAISER TRADERS. REQUIRED: 1.1: Compare the Bank Statement with the Cash Receipts Journal and Cash Payments Journ ...

Problem -using the following proforma information regarding

Problem - Using the following proforma information regarding GE, Inc. based on analysts' forecast in early 2016:   2016E 2017E Next 3 years EPS 1.29 1.56 Growth at 7.59% DPS 0.92 1.11 Growth at 10% The book value of GE's ...

Assignmentresearch the foreign corrupt practices actaddress

Assignment: Research "THE FOREIGN CORRUPT PRACTICES ACT" Address, at a minimum, the following: The rationale for the Act (i.e. why was it implemented) What the Act prohibits How the Act impacts businesses nationally, and ...

Accounting theory and contemporary issues individual case

Accounting Theory and Contemporary Issues Individual case study Assignment Learning Outcomes-  Research and argue a position in regard to a contemporary issue in the accounting profession Evaluate the different areas of ...

Question 1you are in charge of giving a trial final exam to

QUESTION 1 You are in charge of giving a trial final exam to classmates. Choose two problems from different areas of financial reporting that you studied in this course. Submit them as your initial post as early as possi ...

Question 1which entry would record the payment of a utility

Question 1 Which entry would record the payment of a utility bill? A. Debit Utilities Expense; credit Cash B. Debit Cash; credit Utilities Expense C. Debit Utilities Expense; credit Accounts Payable D. Debit Accounts Rec ...

Additional information1 the company during the year paid

Additional Information 1. The Company during the year paid AED 200,000 for security deposit and bank charges of AED 40. 2. The Warehouse reported inventory stock count of AED 286,500. 3. XYZ Company's confirmation ,( Cus ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro