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If site values have been increasing by 1% per month, what time adjustments should be made for two lots, one selling 3 months ago for $155,000 and the other for $150,000 6 months ago?
A. $4,650 and $9,000
B.$6,169 and $9,000
C.$4,437 and 8,358
D.-$4,437 and -$8,358
What is the adjustment required if site values have been decreasing by 1% per month and a comparable
sold for
$140,000 four months ago? Based on the time adjusted sale price, if this same comparable
sale is judged 3% superior to the subject property, what adjustment would be made for this?
A. -$5,600 and +$4,200
B. +$1,400 and +$4,200
C. -$5,600 and -$4,032
D. +$5,600 and -$4,032
Unit-In-Place Method which doesn't fit
A. estimating cost involves determining the unit cost of component sections of the structure installed or in place
B. involves pricing of the various units [by area or volume in the structure] such as walls, openings [doors and windows], partitions and rooms.
C. this method parallels the original contractor's procedure used in the structures when estimating labour hours required and applying costs to material and labour quantities, with additional allowance for indirect costs such as overhead, labour, insurance and contractor's profit.
D. The unit-in-place method can also be used in greater detail to estimate the cost-inplace of such items as concrete foundation walls, cement block walls, footings, exterior brickwork, rough framing, roofing, plastering and wiring.
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