Which generally provides the best evidence of fair value

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Reference no: EM132812619

Problem 1: Which of the following generally provides the best evidence of fair value of an investment property?

a. Discounted cash flow projections based on reliable estimates of future cash flows.
b. Recent prices on less active markets with adjustments to reflect changes in economic conditions.
c. Current prices for properties of a different nature or subject to different conditions.
d. Current prices on an active market for similar property in the same location and condition.

Reference no: EM132812619

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