The principle of value that states that the current market value of a property is based on the present value of the future benefits of ownership is called the:
A) substitution principle.
B) contribution principle.
C) anticipation principle.
D) diminishing returns principle.
Correct Answer:
Verified
Q1: An appraisal is an exact determination of
Q2: Functional depreciation has to do with normal
Q3: Individuals or other legal entities that may
Q4: The federal requirements for obtaining an appraisal
Q6: The principle of value that states that
Q7: The value that the end user places
Q8: In understanding the forces that shape value,
Q9: Appraisers provide which of the following services?
A)
Q10: The major weakness of the cost approach
Q11: A decline in value due to factors
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