The subject property just sold for $654,000, and the existing building is 22 years old. The...
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The subject property just sold for $654,000, and the existing building is 22 years old. The land value is $250,000. The reproduction cost (cost new) is $675,000 for the improvements. What is the annual rate of depreciation on a percentage basis? The subject property just sold for $654,000, and the existing building is 22 years old. The land value is $250,000. The reproduction cost (cost new) is $675,000 for the improvements. What is the annual rate of depreciation on a percentage basis?
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To calculate the annual rate of depreciation on a percentage basis we can use the formula Rate of De... View the full answer
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