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Academic Honesty PolicyNo matter how
difficult it is to stay in a course in which the professor has accused you of dishonesty, you must continue to attend class and fulfill all class obligations. What is the formula used to determine value using the cost approach?The formula for determining value using the cost approach is fairly simple, and is as follows: Property Value = Land Value + (Cost New - Accumulated Depreciation).
Which of the following is considered a general factor that influences the value of real estate?Building codes, zoning laws, and environmental legislation can all influence the value of real property.
Which type of depreciation is nearly always considered incurable?Depreciation is divided into three categories: ❖ Physical deterioration; ❖ Functional obsolescence; and ❖ External obsolescence. Physical deterioration and functional obsolescence can be curable or incurable. External obsolescence is generally considered incurable.
Which of the following formulas represents the break even ratio?To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit – Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin. Here's What We'll Cover: What Is the Break-Even Point?
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