Cga Exact Questions 38 Correctly Answered Questions Latest Update

An appraiser has been requested to appraise a poultry farm. This type of farm is typically not leased, but is owner operated. Gross income from the poultry operation was reported at 150k. Expenses were: Ad valorem taxes: $1500 Building Insurance: $1000 Utilities: $12000 Interest: $48000 Depreciation: $18000 Salaries: $24000 Repair and Maintenance: $8000 Management: $12000 {Ans: $91,500 (minus all except interest & depreciation)}A property has an actual age of 12 years, an eff. age of 10 years, and a remaining economic life of 35 years. What is the annual depreciation rate utilizing the age-life method? {Ans: 2.22% (10+35 = 45) 10 / 45 = .222}An investor can purchase a property with a mortgage of 70% loan-to-value ratio, an annual interest rate of 6.5%, payable in level monthly installments over 20 years. The required equity dividend rate is estimated to be 8%. What is the indicated overall cap rate? {Ans: 8.66}The subject property is a 5,000 sf single tenant office building that is currently leased for $9.00 per sf per year with three years remaining on the lease... etc. etc. What is the discount rate applicable to the leasehold estate? {Ans: 11.64%}The "as vacant" highest and best