A comparable property sold for $925,000 with no concessions. The site value was estimated at $80,000,...

 

Transcribed Image Text:

A comparable property sold for $925,000 with no concessions. The site value was estimated at $80,000, and the site improvements have a contributory value of $25,000. The cost to construct the building was $1,000,000. What is the percentage of depreciation? A comparable sale has a sale price of $550,000 (Vo) and a lot value of $90,000 (V₁). The site improvements (Vsi) have a contributory value of $25,000, and the cost of construction of the house is $550,000. What is the implied economic life if the house is 20 years old? A property sold for $850,000. The sale was arm's-length and had no concessions, and there were no expenditures immediately after the sale. The appraiser's opinion of the site value (V₁) was $125,000, and the site improvements (Vsi) have a contributory value of $20,000. If the building cost is $800,000 and the building is six years old, what is the implied economic life? A comparable property sold for $925,000 with no concessions. The site value was estimated at $80,000, and the site improvements have a contributory value of $25,000. The cost to construct the building was $1,000,000. What is the percentage of depreciation? A comparable sale has a sale price of $550,000 (Vo) and a lot value of $90,000 (V₁). The site improvements (Vsi) have a contributory value of $25,000, and the cost of construction of the house is $550,000. What is the implied economic life if the house is 20 years old? A property sold for $850,000. The sale was arm's-length and had no concessions, and there were no expenditures immediately after the sale. The appraiser's opinion of the site value (V₁) was $125,000, and the site improvements (Vsi) have a contributory value of $20,000. If the building cost is $800,000 and the building is six years old, what is the implied economic life?

Answer rating: 100% (QA)

To calculate the percentage of depreciation for the first property we need to determine the total co... View the full answer