CCPA Module 4 Exam 2026 – Actual Questions & Answers | California Public College Property Management Guide

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CPPA, Module 4 Exam 2026
Brand New Actual Exam With
Correct Answers.


How h,is h,assessed h,value h,determined? h,- h,ANS>>-Assessors h,base h,value h,for
h,tax h,purposes h,on h,fair h,market h,value h,multiplied h,by h,a h,factor.




For h,an h,example: h,Assessed h,value h,multiplied h,by h,appropriate h,local h,tax h,rate
h,it h,produces h,the h,amount h,of h,tax h,payable




What h,data h,does h,historical h,cost h,include? h,- h,ANS>>-The h,amount h,paid h,to
h,acquire h,an h,asset h,and h,make h,it h,ready h,for h,use. h,When h,information h,is h,not

h,available, h,it h,may h,be h,necessary h,to h,estimate.




What h,is h,reverse h,indexing h,when h,determining h,historical h,cost? h,- h,ANS>>It
h,is h,an h,approach h,to h,estimating h,historic h,value h,by h,comparing h,current h,value

h,of h,similar h,properties h,with h,comparable h,age.

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What h,is h,market h,value? h,- h,ANS>>-It h,is h,the h,value h,that h,a h,willing h,buyer h,might
h,pay h,a h,willing h,seller




What h,is h,the h,best h,source h,for h,determining h,the h,market h,value h,of h,similar
h,items? h,-

ANS>>-Previous h,sales h,records



What h,is h,the h,replacement h,value? h,- h,ANS>>-It h,is h,the h,cost h,of h,replacing h,an
h,asset h,with h,an h,equivalent h,asset h,which h,can h,provide h,similar h,service h,at

h,current h,market h,price




What h,is h,salvage/residual h,value h,and h,what h,is h,it h,based h,on? h,- h,ANS>>-It h,is
h,the h,estimated h,value h,of h,an h,asset h,at h,the h,end h,of h,its h,useful h,life h,and h,it h,is

h,based h,on h,its h,value h,in h,excess h,of h,its h,basic h,material h,content




What h,is h,scrap h,value? h,- h,ANS>>-The h,amount h,realized h,when h,an h,asset h,is
h,sold h,for h,its h,basic h,material h,content h,at h,the h,end h,of h,of h,its h,useful h,life.




What h,are h,two h,types h,of h,appraisals? h,- h,ANS>>-- h,Mass


- h,Machinery h,and h,Equipment



What h,is h,Mass h,appraisal? h,- h,ANS>>-It h,is h,the h,process h,of h,valuing h,a h,universe
h,of h,properties h,as h,a h,given h,date h,using h,standard h,methods, h,employing h,common

h,data, h,and h,allowing h,for h,statistical h,testing




When h,developing h,a h,mass h,appraisal, h,what h,must h,the h,appraiser h,observe? h,-
CORRECTANSWER-1. h,The h,cost h,of h,new h,improvements

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2. Accrued depreciation h,




3. The value of land by sales of comparable property
h, h, h, h, h, h, h, h,




4. The value of property by sales of comparable property
h, h, h, h, h, h, h, h,


5. The value of capitalization of income i.e. rentals, expenses,
h, h, h, h, h, h, h, h,

interest h,rates, h,capitalization h,rates, h,and h,vacancy h,rates
h,




What h,are h,three h,approaches h,to h,the h,appraisal h,of h,machinery h,and h,equipment?
h, -

ANS>>-1. h,Sales h,Approach


2. Cost Approach
h,




3. Income Approach h,




When h,is h,the h,Sales h,Approach h,most h,effective? h,- h,ANS>>-When h,there h,is h,an
h,active h,market h,providing h,sufficient h,numbers h,of h,comparable h,properties h,for

h,sale




What h,seven h,premises h,of h,value h,should h,be h,considered h,when h,determining
Sales h,Approach h,method? h,- h,ANS>>-1. h,Fair h,Market h,Value
h,




2. Fair Market Value in Continued Use
h, h, h, h, h,




3. Fair Market Value - Installed
h, h, h, h,


4. Fair Market Value - Removed
h, h, h, h,




5. Orderly Liquidation Value
h, h,