Which two report types are acceptable for a written business appraisal report?

The correct option emphasizes the standards established for business appraisals, outlining that an Appraisal Report and a Restricted Appraisal Report are both acceptable formats for delivering findings.

An Appraisal Report provides a comprehensive analysis and is broad enough to be understood by users who are not professionals in appraisal. It contains all the necessary details, supporting documentation, and explanations so that the conclusions drawn can be fully understood and well supported.

In comparison, a Restricted Appraisal Report is more concise and typically intended for a specific client or purpose. It contains sufficient information to communicate the appraisal results while omitting some detailed explanations and analysis found in a full Appraisal Report. This type works well when the appraiser understands that the audience requires limited information and has a certain level of expertise.

Both formats comply with the established regulations for business appraisals and provide options depending on the needs of the user—whether they require deeper insights or a straightforward result tailored to a specific context.