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Highest and Best Use

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Highest and Best Use

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • November 3, 2016 at 7:08 pm #347269
    aman05
    Member
    • Topics: 6
    • Replies: 4
    • ☆

    So I understand that highest and best use means that if an asset has a higher value with other assets in a group then you use this but if it has a higher value on its own you use that value but obviously any asset would be valued higher with other assets because theres more assets in the group so higher value so that doesn’t really make sense to me? I don’t really understand this concept
    please help explain

    November 3, 2016 at 7:45 pm #347275
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    WOW!!!

    That is one hell of a quote! Where have you got this from?

    And then, tell me what area of the syllabus you are in

    It sounds to me like a re-iteration of the cliched statement that the sum of the whole is greater than the sum of the individual parts

    Does that do it for you?

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