A 48-year old single-family home in Scarborough sold for $ 730,000. Sales comparison data for this market

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A 48-year old single-family home in Scarborough sold for $ 730,000. Sales comparison data for this market reveals that the site is worth about $360,000. The replacement cost new for the home is $580,000. The effective age of the home is 20 years.

a) What is the annual depreciation amount of the structure?

b) What is the total economic life of the above structure?

c) What is the remaining economic life of the above structure?

Related Book For answer-question

Equity Asset Valuation

ISBN: 978-0470571439

2nd Edition

Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen

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Posted Date: Feb 14, 2024 05:37 AM

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A 48-year old single-family home in Scarborough sold for $ 730,000. Sales comparison data for this market

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Depreciation of the Scarborough singlefamily home a Annual depreciation amount Since we have informa... View the full answer

Equity Asset Valuation

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