Joyce Potts
Elite Member
- Joined
- Feb 6, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
Than that makes Ms. Spock and I'll pass on the mind melding with you on this topic.
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Cost Approach and those who "mail it in"
- Thread starter The Argus
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Than that makes Ms. Spock and I'll pass on the mind melding with you on this topic.
CANative
Elite Member
- Joined
- Jun 18, 2003
- Professional Status
- Retired Appraiser
- State
- California
I appreciate that.
Couch Potato
Elite Member
- Joined
- Mar 15, 2004
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Pittsburgh Pete
Elite Member
- Joined
- May 6, 2008
- Professional Status
- Certified General Appraiser
- State
- Pennsylvania
don't give up--just let the next shift take a shot. We can punch back in tomorrow or later tonight for the swing shift!
Perhaps Lord MacBeth can make some headway once he gets his computer straightened out.
Pittsburgh Pete
Elite Member
- Joined
- May 6, 2008
- Professional Status
- Certified General Appraiser
- State
- Pennsylvania
Our weather is too be wonderful as well (I hope). I feel the need to exorcise my brain after this!
KenAZ
Senior Member
- Joined
- Jan 6, 2010
- Professional Status
- Certified General Appraiser
- State
- Dom. Republic
I have a coin. The cost to make is .5 cents. It cost me 1 cent, and I can sell it for one cent.
Although it is old, it does not depreciate in value. A new penny is the same price and an older penny. (If this was a really old penny, then Highest and Best Use may be as a collector item and not as a currency)
Sales Approach to Value = 1 cent
Cost Approach to value = .5 cents
Income Approach = 1 cent
Depreciated value (Effective age 5 years) = 1 cent
Value if left on railroad tracks (Location Obsolscence) = .25 cents
Value if misprinted (Functional Obsolescense) = $100
My estimated value of my 1 penny created in 2006 = $.83
(Mean Value from 3 approaches)
Although it is old, it does not depreciate in value. A new penny is the same price and an older penny. (If this was a really old penny, then Highest and Best Use may be as a collector item and not as a currency)
Sales Approach to Value = 1 cent
Cost Approach to value = .5 cents
Income Approach = 1 cent
Depreciated value (Effective age 5 years) = 1 cent
Value if left on railroad tracks (Location Obsolscence) = .25 cents
Value if misprinted (Functional Obsolescense) = $100
My estimated value of my 1 penny created in 2006 = $.83
(Mean Value from 3 approaches)
JSmith43
Elite Member
- Joined
- May 5, 2003
- Professional Status
- Certified General Appraiser
- State
- California
Are you sure you included EI in cost?
A 5 year old coin after 5 years in someone's pocket would be worth less relative to one stored in a more preservation friendly environment.
Where is the coin? On the moon or at the bottom of the Ocean? Location, location, location!
:icon_lol:
A 5 year old coin after 5 years in someone's pocket would be worth less relative to one stored in a more preservation friendly environment.
Where is the coin? On the moon or at the bottom of the Ocean? Location, location, location!
:icon_lol:
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