Ree 4103 test 2 questions - Study guides, Class notes & Summaries

REE 4103 EXAM 2 QUIZ QUESTIONS, REE Exam 2, REE 4103 Test 2 Questions with 100% correct answers | verified | latest update 2024

REE 4103 TEST 2 QUESTIONS WITH VERIFIED ANSWERS GRADED A+ Direct costs (Hard costs) are - Answer-• The cost of labor, materials, and equipment used in construction Entrepreneurial incentive is - Answer-• An amount anticipated prior to development In the cost approach _____ is deducted after estimating the cost to reproduce an existing structure - Answer-Depreciation In the cost approach the site is valued as if it were - Answer-• Vacant and available for development to its hig...

REE 4103 EXAM 2 QUIZ QUESTIONS, REE Exam 2, REE 4103 Test 2

REE 4103 EXAM 2 QUIZ QUESTIONS, REE Exam 2, REE 4103 Test 2

REE 4103 TEST 1 QUESTIONS WITH REVISED AND UPDATED ANSWERS Short-lived items refer to - Answer-• Items requiring periodic replacement (carpet) • Economic life normally same as physical life Subtracting an improvement's current market value from its reproduction cost new indicates: - Answer-• Accrued depreciation The effective age of a building will probably exceed its actual age when: - Answer-• An inadequate maintenance program has been used The land on which a 10-year-old h...