1. The fictional city of Meridian Villa has 6,500 dwellings. Using a straight-line rate of depreciation of 1.32% indicates that …… dwellings will be pulled out of the residential market this year due to having reached the end of their useful lives.
A) almost 8,600
B) almost no
C) about 86
2. Using the sales-comparison approach, if the subject property is $5000 inferior to comparable sale #1 due to its location, and $2000 superior due to lot size, what is the indicated value of subject property if the comparable sold for $85,000?
a) $85,000
b) $87,000
c) $82,000
d) $77,000