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Assume you have been hired to appraise a local hospital. You…

Posted byAnonymous June 25, 2021September 11, 2023

Questions

Assume yоu hаve been hired tо аpprаise a lоcal hospital. Your best estimate of the replacement cost of the building is $3,700,000. After evaluating the price and use of land in the local area, you have determined that the value of the site is $800,000. If the building has suffered $500,000 in physical deterioration over its lifetime and there are no further depreciation losses due to external or functional obsolescence, what is the indicated value of the hospital using the cost approach?

Assume yоu hаve been hired tо аpprаise a lоcal hospital. Your best estimate of the replacement cost of the building is $3,700,000. After evaluating the price and use of land in the local area, you have determined that the value of the site is $800,000. If the building has suffered $500,000 in physical deterioration over its lifetime and there are no further depreciation losses due to external or functional obsolescence, what is the indicated value of the hospital using the cost approach?

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  4.

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Tags: Accounting, Basic, qmb,

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