23) Data collected about the comparable sales and the subject for the appraisalassignment is presented in the following table.What is the indicated value of the subject property?GrossRentRentalABCDSubject$10,000.00$10,000.00$23,400.00$22,050.00A) $198,000B) $221,500C) $201,500D) $191,500CultivatedAcres200150250130160PastureAcres0100100250100Buildingsnonohousehouse /barnshouse /barnsSale Price$100,000.00$100,000.00$230,400.00$220,500.00

Comparable Sales:Comparable A:Gross Rent: $10,000.00Rental Buildings: 200Cultivated Acres: No…

23) Data collected about the comparable sales and the subject for the appraisal assignment is presented in the following table. What is the indicated value of the subject property? Gross Rental Rent A B C D Subject $10,000.00 $10,000.00 $23,400.00 $22,050.00 Cultivated Acres 200 150 250 130 160 Pasture Acres 0 100 100 250 100 Buildings no no house house / barns house / barns Sale Price $100,000.00 $100,000.00 $230,400.00 $220,500.00

23) Data collected about the comparable sales and the subject for the appraisal assignment is presented in the following table. What is the indicated value of the subject property? Gross Rental Rent A B C D Subject $10,000.00 $10,000.00 $23,400.00 $22,050.00 Cultivated Acres 200 150 250 130 160 Pasture Acres 0 100 100 250 100 Buildings no no house house / barns house / barns Sale Price $100,000.00 $100,000.00 $230,400.00 $220,500.00

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter8: Operating Assets: Property, Plant, And Equipment, And Intangibles

Section: Chapter Questions

Problem 8.1KTQ

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