The appraiser gathers information regarding the neighborhood in which the subject property and the comparable properties are located. The appraiser observes that there is a reasonable amount of similarity among the properties in terms of square footage, amenities, and architectural design. Which principle of value applies to this situation

On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?