11 - Extraction And Allocation Methods Flashcards
1
Q
__________ is a method of estimating land value in which the depreciated cost of the improvements on an improved property is calculated and deducted from the total sale price to arrive at an estimated sale price for the land
A
Extraction
11-237
2
Q
__________ is a method of estimating land value in which sales of improved properties are analyzed to establish a typical ratio of land value to total property value and this ratio is applied to the property being appraised or the comparable sale being analyzed
A
Allocation
11-240
