Property Valuation
An Arizona property's 'going concern value' includes:
AOnly the real estate value
BThe value of the real estate plus the business operated on it (fixtures, equipment, and business value)✓ Correct
COnly the personal property value
DThe market value minus depreciation
Explanation
Going concern value is the total value of an operating business including the real estate, personal property, intangible assets (goodwill, business name), and the value of the ongoing business enterprise. It is relevant for hotels, restaurants, and similar operating businesses.
Related Arizona Property Valuation Questions
- The appraisal approach most commonly used to estimate the value of single-family residential properties in Arizona is the:
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- When appraising income-producing property such as an Arizona apartment complex, an appraiser would primarily use the:
- An Arizona appraiser who uses only 2 comparables in the sales comparison approach is:
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