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You are using the cost approach (replacement) to value a property. A new home...
solve the replacment The Cost Approach A 12-year-old industrial property is being valued using the cost...
solve the replacment
The Cost Approach A 12-year-old industrial property is being valued using the cost approach. The appraiser feels that it has an effective age of 15 years based on its current condition. For example, there are cracks in the foundation that are not feasible to repair (incurable physical depreciation). That is, it would cost more to try to repair these problems than the value that would be created in the property. The appraiser believes that it has a...
EXAMPLE 23 The Cost Approach A 12-year-old industrial property is being valued using the cost approach....
EXAMPLE 23 The Cost Approach A 12-year-old industrial property is being valued using the cost approach. The appraiser feels that it has an effective age of 15 years based on its current condition. For example, there are cracks in the foundation that are not feasible to repair incurable physical depreciation). That is, it would cost more to try to repair these problems than the value that would be created in the property. The appraiser believes that it has a 60-year...
please select the correct answers for both questions You are conducting an appraisal for a house...
please select the correct answers for both questions
You are conducting an appraisal for a house located in North Kingstown. The house has the following attributes: lot size 24,100 sq. ft.,: floor area 2375 sq.ft.; 4 bedrooms, 2 baths; 2 car garage; appliances are original: year of construction 2016. In making this appraisal you plan to use a recent sale of a house that has the following attributes: Lot size 23,290sq. ft.; floor area above the basement 2435 sq.ft; 3...
Help Sa MC Qu. Your home insurance provides for replacement value for personal ... Your home...
Help Sa MC Qu. Your home insurance provides for replacement value for personal ... Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $240 two years ago and has an expected life years. A comparable microwave costs $345 today. What amount will the insurance company pay?
Question 4 Crane Company is contemplating the replacement of an old machine with a new one....
Question 4 Crane Company is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine Price $340000 $680000 Accumulated Depreciation 102000 -0- Remaining useful life 10 years -0- Useful life 10 years -0- Annual operating costs $272000 $204000 If the old machine is replaced, it can be sold for $27200 Which of the following amounts is a sunk cost? $204000 $238000 $272000 $680000 Open Show Work Click if you...
Name APPRAISAL PROBLEM Estimate the present market value of a 10 unit apartment house given the...
Name APPRAISAL PROBLEM Estimate the present market value of a 10 unit apartment house given the following information pertaining to the property. Each apartment has 1,000 square feet of living area, 3 bedrooms, and kitchen appliances Tenants pay their own utilities The value of the land is $250,000 The estimate replacement value is $150 per square foot for this type of construction. Total operating expenses insurance and property taxes for the year are expected to be $25,000 Rental income, $6,000...
Pete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine...
Pete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine #5027 Machine #5027 Depreciation Method Component Single metal housing Motor Blade Date of purchase Jan. 12/18 Jan. 12/18 Jan. 12/18 Est. Residual Est. Life $6,000 15 yrs 6,000 10 yrs 1,400 5 yrs Cost $ 60,000 39,000 15,600 $114,600 DDB "SL - Straight-line, DDB - Double-declining balance On January 7, 2020, the machine blade cracked and it was replaced with a new one costing...
6. (5 pts) As Engineering Economist, you want to apply your new skills to conduct an...
6. (5 pts) As Engineering Economist, you want to apply your new skills to conduct an analysis on whether to use Metal or Shingles on the roof. Conduct a future cost analysis on each roof material and determine which one you would choose. METAL ROOF SHINGLED ROOF INITIAL COSTS $350 $200 ANNUAL UPKEEP $60 $70 USEFUL LIFE 6 years 3 years MARR 10% 10%
Pete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine...
Pete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine #5027 Machine #5027 Depreciation Method* Date of purchase Jan. 12/18 Jan. 12/18 Jan. 12/18 Component Single metal housing Motor Blade SL Est. Residual Est. Life $7,000 15 yrs 2,000 10 yrs 1,2005 yrs Cost $ 46,000 32,000 11,400 $ 89,400 DDB SL *SL = Straight-line; DDB = Double-declining-balance On January 7, 2020, the machine blade cracked and it was replaced with a new one...
Question 15 please! Question 15 (0.15 points) How much would you receive with replacement cost coverage...
Question 15 please!
Question 15 (0.15 points) How much would you receive with replacement cost coverage for a four-year-old sofa destroyed by fire? The sofa would cost $870 to replace today, whereas it cost $800 four years ago and had an estimated life of 8 years. Your Answer: Answer
solve the replacment
The Cost Approach A 12-year-old industrial property is being valued using the cost approach. The appraiser feels that it has an effective age of 15 years based on its current condition. For example, there are cracks in the foundation that are not feasible to repair (incurable physical depreciation). That is, it would cost more to try to repair these problems than the value that would be created in the property. The appraiser believes that it has a...
EXAMPLE 23 The Cost Approach A 12-year-old industrial property is being valued using the cost approach. The appraiser feels that it has an effective age of 15 years based on its current condition. For example, there are cracks in the foundation that are not feasible to repair incurable physical depreciation). That is, it would cost more to try to repair these problems than the value that would be created in the property. The appraiser believes that it has a 60-year...
please select the correct answers for both questions
You are conducting an appraisal for a house located in North Kingstown. The house has the following attributes: lot size 24,100 sq. ft.,: floor area 2375 sq.ft.; 4 bedrooms, 2 baths; 2 car garage; appliances are original: year of construction 2016. In making this appraisal you plan to use a recent sale of a house that has the following attributes: Lot size 23,290sq. ft.; floor area above the basement 2435 sq.ft; 3...
Help Sa MC Qu. Your home insurance provides for replacement value for personal ... Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $240 two years ago and has an expected life years. A comparable microwave costs $345 today. What amount will the insurance company pay?
Question 4 Crane Company is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine Price $340000 $680000 Accumulated Depreciation 102000 -0- Remaining useful life 10 years -0- Useful life 10 years -0- Annual operating costs $272000 $204000 If the old machine is replaced, it can be sold for $27200 Which of the following amounts is a sunk cost? $204000 $238000 $272000 $680000 Open Show Work Click if you...
Name APPRAISAL PROBLEM Estimate the present market value of a 10 unit apartment house given the following information pertaining to the property. Each apartment has 1,000 square feet of living area, 3 bedrooms, and kitchen appliances Tenants pay their own utilities The value of the land is $250,000 The estimate replacement value is $150 per square foot for this type of construction. Total operating expenses insurance and property taxes for the year are expected to be $25,000 Rental income, $6,000...
Pete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine #5027 Machine #5027 Depreciation Method Component Single metal housing Motor Blade Date of purchase Jan. 12/18 Jan. 12/18 Jan. 12/18 Est. Residual Est. Life $6,000 15 yrs 6,000 10 yrs 1,400 5 yrs Cost $ 60,000 39,000 15,600 $114,600 DDB "SL - Straight-line, DDB - Double-declining balance On January 7, 2020, the machine blade cracked and it was replaced with a new one costing...
6. (5 pts) As Engineering Economist, you want to apply your new skills to conduct an analysis on whether to use Metal or Shingles on the roof. Conduct a future cost analysis on each roof material and determine which one you would choose. METAL ROOF SHINGLED ROOF INITIAL COSTS $350 $200 ANNUAL UPKEEP $60 $70 USEFUL LIFE 6 years 3 years MARR 10% 10%
Pete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine #5027 Machine #5027 Depreciation Method* Date of purchase Jan. 12/18 Jan. 12/18 Jan. 12/18 Component Single metal housing Motor Blade SL Est. Residual Est. Life $7,000 15 yrs 2,000 10 yrs 1,2005 yrs Cost $ 46,000 32,000 11,400 $ 89,400 DDB SL *SL = Straight-line; DDB = Double-declining-balance On January 7, 2020, the machine blade cracked and it was replaced with a new one...
Question 15 please!
Question 15 (0.15 points) How much would you receive with replacement cost coverage for a four-year-old sofa destroyed by fire? The sofa would cost $870 to replace today, whereas it cost $800 four years ago and had an estimated life of 8 years. Your Answer: Answer
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