Property Valuation
A going-concern value refers to:
AThe value of real estate only
BThe value of an operating business including its real estate, personal property, and intangible business value✓ Correct
CThe value of the property if sold quickly
DThe market value assuming current zoning remains unchanged
Explanation
Going-concern value includes the total value of a property as an operating enterprise — real estate, personal property, and intangible business assets (goodwill, trained workforce, customer base). It is typically higher than the real property value alone.
Related Arkansas Property Valuation Questions
- Functional obsolescence in a residential property is best illustrated by:
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- Depreciation in the cost approach refers to:
- Which appraisal approach estimates value by analyzing recent sales of comparable properties?
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