Business, 06.02.2021 02:00 hanjonez

Jim and Joan owned a farm which produced fruits and vegetables for sale. The farm was located in a heavily populated area. Every year, hundreds of customers came to buy produce from them at the farm. One day, customers were surprised to see that the farm stand was gone and that Jim and Joan had sold the property for a much higher price than farm land would normally cost. Which principle of value did the appraiser use in determining the value of the property?

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Jim and Joan owned a farm which produced fruits and vegetables for sale. The farm was located in a h...