The reasons for the valuation of forest (timber appraisal as it is called in USA) are:
Correct answer: C. All of the above
- A. To serve as a guide in buying and selling
- B. To serve as a guide for making choice among the other alternatives for investments
- C. All of the above
- D. To estimate damages
- E. To set a value for purpose of obtaining loans
Explanation
Forest valuation supports transactions, investment comparisons, loan security and compensation for damage. These are distinct practical uses of timber appraisal, so the combined option is appropriate.
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