NVI Technical College Information

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TABLE OF CONTENTS

INTRODUCTION ········································································································· 5

Purpose, intended use, and intended users of the appraisal ···················································· 5 Identification of type of appraisal report ········································································· 5 History of Blairsville, PA Automotive Technology School ··················································· 5

ENGAGEMENT SCOPE································································································· 6

Date of valuation and effective date ·············································································· 6 Assets valued ········································································································ 6 Excluded assets ···································································································· 6 Extraordinary assumptions and hypothetical conditions ······················································· 6 Standards of value ·································································································· 7 Definitions ··········································································································· 8 Data provided ······································································································· 9

VALUATION THEORY ································································································· 9

Cost Approach ····································································································· 9 Sales Comparison Approach ······················································································ 9 Income Approach ··································································································10

VALUATION METHODOLOGY·····················································································10

CONCLUSION OF VALUES ··························································································11

STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS ········································12

APPENDIX A: QUALIFICATION OF APPRAISER ····························································13

APPENDIX B: ASSET VALUE DETAIL SCHEDULE ··························································14

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