The assessed value approach is essentially the same as the economic value approach since both methods are used to determine the ability or capacity of an asset to generate cash.

Question

Quizplus · Accepted Answer

The assessed value approach typically refers to the valuation of property for tax purposes and may not directly relate to its ability to generate cash, whereas the economic value approach focuses on the future cash flows an asset can generate.

The Assessed Value Approach Is Essentially the Same as the Economic