If we assume that all approaches were equally reliable, the range of value for this appraisal is O $245,000 to $275,000 O None of the above O $220,000 to $275,000 $220,000 to $265,000
If we assume that all approaches were equally reliable, the range of value for this appraisal is O $245,000 to $275,000 O None of the above O $220,000 to $275,000 $220,000 to $265,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
![An application of the three approaches in the
appraisal of a new residence has developed
the following value indications:
Cost Approach $275,000
Sales Comparison Approach $245,000
Income Approach $220,000
If we assume that all approaches were
equally reliable, the range of value for this
appraisal is
$245,000 to $275,000
None of the above
$220,000 to $275,000
$220,000 to $265,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffaa66f21-73e4-4e4a-8b5f-ffc16f23dede%2F8d7dc1c2-08cc-4fe4-a854-5cb88dce7a01%2Fej63op_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An application of the three approaches in the
appraisal of a new residence has developed
the following value indications:
Cost Approach $275,000
Sales Comparison Approach $245,000
Income Approach $220,000
If we assume that all approaches were
equally reliable, the range of value for this
appraisal is
$245,000 to $275,000
None of the above
$220,000 to $275,000
$220,000 to $265,000
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