Bond Warren
06/04/2023 · Primary School
d. A deficiency. 48. If the annual net income from certain commercial property is \( \$ 22,000 \) and the capitalization rate is \( 8 \% \), what is the value of the property using the income approach? a. \( \$ 176,000 \) b. \( \$ 275.000 \) c. \( \$ 183,000 \) d. \( \$ 200,000 \)
UpStudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
The value of the property is \( \$275,000 \).
Therefore, the correct answer is b. \( \$275,000 \).
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit