Industrial value for five-acre parcel at $50,000 per acre is what total?

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Master the Mckissock General Appraiser Sales Comparison Approach Test with comprehensive quizzes and explanations. Enhance your skills in the appraiser profession and pass your exam with confidence!

Multiple Choice

Industrial value for five-acre parcel at $50,000 per acre is what total?

Explanation:
To find total value when price is given per acre, multiply the price per acre by the number of acres. Five acres at $50,000 per acre equals $250,000. The other totals would require different acreage or a different per-acre price—for example, 4.5 acres would be $225,000; about 5.445 acres would be $272,250; and 22.5 acres would be $1,125,000.

To find total value when price is given per acre, multiply the price per acre by the number of acres. Five acres at $50,000 per acre equals $250,000. The other totals would require different acreage or a different per-acre price—for example, 4.5 acres would be $225,000; about 5.445 acres would be $272,250; and 22.5 acres would be $1,125,000.

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