Property Valuation
What is a going-concern value in Nevada commercial appraisal?
AThe value of land only, excluding improvements
BThe total value of an operating business including real property, personal property, and the intangible value of the business operation✓ Correct
CThe value of improvements minus depreciation
DThe liquidation value of a Nevada hotel or casino
Explanation
Going-concern value includes the real property, personal property, and intangible business value of an operating business. In Nevada's hospitality industry (hotels, motels, casinos), appraisers must separate the real property value from the going-concern value for mortgage and sale purposes.
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