What are the 3 approaches to appraisal valuation?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
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Problem 19MC: A transfer pricing structure that considers the opportunity costs of selling to internal rather than...
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What are the 3 approaches to appraisal
valuation?
O Sales Comparison approach, Financial approach,
Future value approach
O Market Analysis Approach, Highest and Best Use
Approach, Cost Approach
O Sales comparison approach, Restricted approach,
Narrative Approach
Sales comparison approach, Cost approach,
Income approach
Transcribed Image Text:What are the 3 approaches to appraisal valuation? O Sales Comparison approach, Financial approach, Future value approach O Market Analysis Approach, Highest and Best Use Approach, Cost Approach O Sales comparison approach, Restricted approach, Narrative Approach Sales comparison approach, Cost approach, Income approach
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Step 1

Appraisal valuation deals with valuation of a property. There are diffreent types of property and hence there are different types of valuation process and methods that are used. 

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