janetjthompson3257 janetjthompson3257
  • 02-01-2021
  • Business
contestada

oman had a fourth bedroom built onto her house last year that cost $75,000. A recent appraisal valued the bedroom at $52,000. This demonstrates the principle of

Respuesta :

Parrain
Parrain Parrain
  • 07-01-2021

Answer: Contribution

Explanation:

The principle of Contribution explains the notion that when an improvement is made to a property, that improvement is to be valued at the contribution it makes to the market value of property as a whole instead of its construction cost.

Oman's fourth bedroom contributed $52,000 to her house so this is what it will be valued at instead of its cost of $75,000.

Answer Link

Otras preguntas

by what methods did paleolithic people get food?
write an equation with the solution x=20??
what is the reference angle of 330° degrees
TRUE or FALSE does 16/6 - 2/9 = 2 4/9?
What two phase changes occur between vapor water and liquid water and at what temperature does each phase change take place
A train travels at a speed of 30 mph and travel a distance of 240 miles. How long did it take the train to complete it's journey?
Mitochondria and chloroplasts reproduce the same way free-living bacteria do—by
True or False.. Habitat destruction is a disadvantage of geothermal energy.
What ratios are equivalent to 9:2
The sum of three numbers is 64. The second number is 3 more than the first. The third number is 11 less than twice the first. Find the numbers.