A 2,400 square foot building has an remaining economic life of 55 years. Its current effective...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A 2,400 square foot building has an remaining economic life of 55 years. Its current effective age is 15 years and the cost new is estimated at $102 per square foot. Land value is estimated at $38,000 and other site improvements is valued at $10,000. What would be the Accumulated Depreciation? What is the market value of the property using cost method? Final Cost Approach Analysis Replacement Cost of House Depreciation (Physical) Replacement Cost of House adjusted for depreciation Site Value Other site Improvements Indicated Value by Cost Approach A 2,400 square foot building has an remaining economic life of 55 years. Its current effective age is 15 years and the cost new is estimated at $102 per square foot. Land value is estimated at $38,000 and other site improvements is valued at $10,000. What would be the Accumulated Depreciation? What is the market value of the property using cost method? Final Cost Approach Analysis Replacement Cost of House Depreciation (Physical) Replacement Cost of House adjusted for depreciation Site Value Other site Improvements Indicated Value by Cost Approach
Expert Answer:
Answer rating: 100% (QA)
Accumulated Depreciation Accumulated depreciation is the total amount ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
Students also viewed these accounting questions
-
The expected return of ABC is 15 percent, and the expected return of DEF is 23 percent. Their standard deviations are 10 percent and 23 percent, respectively, and the correlation coefficient between...
-
If fresh apple juice contains 10% solids, what would be the solids content of a concentrate that would yield single-strength juice after diluting one part of the concentrate with three parts of...
-
A 2,000 square foot house in New Jersey j costs $1,725 each winter to heat with its existing oil-burning furnace. For an investment of $5,000, a natural gas furnace can be installed, and the winter...
-
Discuss the role of intrinsic & extrinsic cues in the perceived quality of you product/service(Unilever company; Lipton tea as an example). Include it in the about section of assignment
-
Suppose that your best friend wants to start a new business that provides website development services to customers. Your friend has some savings to start the business but not enough to buy all the...
-
In Parts I (pp. 245-247) and II (pp. 287-288) of this case you performed preliminary analytical procedures and assessed acceptable audit risk and inherent risk for Pinnacle Manufacturing. In Part III...
-
Why is it advisable to obtain a written confession from the subject of an investigation?
-
Devine Brown opened Devines Carpet Cleaners on March 1. During March, the following transactions were completed. Mar. 1 Invested $10,000 cash in the business. 1 Purchased used truck for $6,000,...
-
1 Problem 4 - A firm's optimal output choice (10 points) Consider a price taking firm, where the market price for the output is given by P. The firm's output choice is denote by Q. The firm has a...
-
Ariana and Nicholas Peterson are about to construct their income and expense statement for the year ending December 31, 2020. They have put together the following income and expense information for...
-
Compute the Wronskian of a set of functions {31, 32} = {e cos 2, e* sin x} W(x)= = Since the Wronskian is W(x)-W(x)= to zero, the functions e cosa and e sin z are [W(x)=W(x)=
-
4) The linear measurements (length + width + height) for luggage carried onto an airplane is 45 inches. Find the dimensions of a rectangular suitcase of greatest volume that meets this request.
-
Also, as of January 1, 2020, Sauk Trail's computing equipment had a seven-year remaining estimated useful life. The patented technology was estimated to have a five-year remaining useful life. The...
-
Weekly Log I am Working in a hotel as a Manager( for reference just google what's the task would be done at hotel as MOD( manager on duty) or I have left my job description p[lease go throygh before...
-
Annotated Bibliography Research the academic literature and create annotated bibliography, with at least 4 academic sources found using EconLit or another database from the library. These sources...
-
5) Assume you have a drawer of Tupperware bowls and lids. There are 4 large bowls, 5 medium bowls, and 6 small bowls. There are 6 large lids, 8 medium lids and 5 small lids. Assume you randomly...
-
What shape does cyclopropane, cyclobutane, cylopentane, and cyclohexane resemble? 5.) How would you describe naming alkanes with substituents? 6.) What is the difference between line angle formula...
-
Use this circle graph to answer following Exercises. 1. What fraction of areas maintained by the National Park Service are designated as National Recreation Areas? 2. What fraction of areas...
-
Powerdyne Companys cost of goods sold is consistently 60% of sales. The company plans to carry ending merchandise inventory for each month equal to 40% of the next months budgeted cost of goods sold....
-
What are the five fundamental principles of accounting information systems?
-
What is a variable cost? Identify two variable costs.
-
What is the value of equity at time zero? A. 44,055. B. 77,973. C. 122,027. Mun Hoe Yip is valuing Pure Corporation. Pure is a simple corporation that is going out of business in five years,...
-
Economic income during Year 1 is closest to: A. 23,186. B. 29,287. C. 46,101. Mun Hoe Yip is valuing Pure Corporation. Pure is a simple corporation that is going out of business in five years,...
-
What is residual income during Year 1? A. 2,916. B. 2,542. C. 8,653. Mun Hoe Yip is valuing Pure Corporation. Pure is a simple corporation that is going out of business in five years, distributing...
Study smarter with the SolutionInn App