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

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Study for the McKissock General Appraiser Sales Comparison Approach Test. Practice with flashcards and multiple choice questions. Learn with detailed explanations. Prepare for success!

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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