in estimating the value of a property using the sales comparison approach, you would typically not factor in Date of sale lot size age of building accrued depreciation

Alice Brooks, a professional appraiser, based the value of a subject site on similarities and dissimilarities in comparison with two other similar parcels of land. This demonstrates which land valuation method? (1) Income comparison (3) Indirect comparison (4) Allocation

What does it mean the "property and equipment are started at cost"?  A. Fair value B.historical cost only  C. Historical cost less accumulated depre

In this session, we discuss property acquisitions and dispositions. In financial accounting, the acquisition of assets means that specific procedures will be followed, including computing the depreciable cost of the asset and estimating its useful life. These steps are required to compute the depreciation for the acquired asset. The accounting treatment options vary including the use of Straight Line, Units of Production, or an accelerated method such as Declining Balance or Sum of the Years’ digits. (Heintz & Parry, 2017) If the asset is later sold before being fully depreciated, there may be an accounting gain or loss on disposal, depending on the circumstances. If assets are disposed of under the tax code, such disposal might trigger depreciation recapture. The deductions allowed under section 1231 allow for tax savings while reducing the taxpayer basis in the asset. Such a reduction in basis might be connected to a realized gain on the disposal of such an asset and allow the…