问题
单项选择题
The income method for real estate valuation does NOT:（）
A. require a discounted cash flow model.
B. account for the effects of income taxes.
C. account for the effects of property taxes.
答案
参考答案：B
解析：
The income method does not consider the investment's income-tax implications. However, it does use a discounted cash flow model based on net operating income. Net operating income is adjusted for property taxes.