Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

oman had a fourth bedroom built onto her house last year that cost $75,000. A recent appraisal valued the bedroom at $52,000. This demonstrates the principle of

Sagot :

Parrain

Answer: Contribution

Explanation:

The principle of Contribution explains the notion that when an improvement is made to a property, that improvement is to be valued at the contribution it makes to the market value of property as a whole instead of its construction cost.

Oman's fourth bedroom contributed $52,000 to her house so this is what it will be valued at instead of its cost of $75,000.

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.