Land Economics Rimal

Price: $5 USD

Question description

Reproduction cost has been estimated as $300,000 for a property with a 70-year economic life. The current effective age of the property is 10 years. The value of the land is estimated to be $35,000. What is the estimated market value of the property using the cost approach, assuming no external or functional obsolescence?

Tutor Answer

(Top Tutor) Daniel C.
School: Carnegie Mellon University
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors