Reply to post by Dorothy Abeyta, on November 10, 1998 at 14:28:09:

Does your presence mean the 400 bulbs got planted?

As appraisers we must look to facts, things which because of our expertise we can observe and discover. We report on those facts to decisionmakers (court, individuals, whomever). We may suggest a most likey value based on the facts and circumstances and the definition of the appraisal problem. But it is really up to the decision maker(s) to determine the ultimate fact: value, including what is fair and what is reasonable.

Reply to post by Scott Cullen, on November 11, 1998 at 08:38:49:

Actually 300 daffodils and 100 narcissus followed by a much needed manicure.
So I did remember our conversation about value correctly. We arrive at a number through research and documentation and proceed to argue from there.

Reply to post by Julian Dunster, on November 06, 1998 at 19:48:18:

Julian, one of the three traditional approaches to value is the Cost approach. In fact trunk formula, cost of cure and replacement cost are all (replacement) cost approaches to value.

"Cost accounting" sounds like historical cost analysis. Is that what you mean or are you referring to cost-benefit analysis e.g. McPherson et al?

Scott