Property Valuation
In Tennessee, the 'cost-to-cure' method of calculating depreciation assumes that:
AAll depreciation is incurable
BCurable depreciation items are those where the cost of repair is less than the value added✓ Correct
COnly external factors cause depreciation
DDepreciation cannot be estimated in the field
Explanation
Curable depreciation items are those where the cost to cure is justified by the value added. If the repair cost is less than or equal to the added value, the item is considered curable.
Related Tennessee Property Valuation Questions
- In Tennessee, when an appraiser makes a 'positive adjustment' to a comparable sale, the appraiser is indicating that the comparable is:
- In Tennessee's real estate market, the Nashville metropolitan area is known as one of the fastest-growing in the Southeast. This growth affects appraisals by:
- The highest and best use of a property is defined as the use that is:
- An appraisal is performed 'as of' a specific date. This date is called the:
- In Tennessee, a certified general appraiser is qualified to appraise:
- In Tennessee, USPAP (Uniform Standards of Professional Appraisal Practice) requires appraisers to:
- The principle of substitution states that:
- An appraiser determines that the subject property has 2,000 square feet and a comparable sold for $90 per square foot with 1,800 square feet. Using gross living area analysis, what does the comparable suggest the subject is worth?
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