A motel with the following average annual figures in the accounts was recently sold for $2 6 million Analyse the following property information Sale price $200,000 Land value $120,000 Replacment cost (new) $145,000 Age of property 12 years What is the annual percent depreciation of the property ...

Depreciation Original value Current value Original value Original value Replacement c ...

A motel with the following average annual figures in the accounts was recently sold for $2.6 million.

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A motel with the following average annual figures in the accounts was recently sold for $2.6 million.

Analyse the following property information:

Sale price	$200,000
Land value	$120,000
Replacment cost (new)	$145,000
Age of property	12 years

What is the annual percent depreciation of the property?

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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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Posted Date: May 29, 2023 12:14 AM

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A motel with the following average annual figures in the accounts was recently sold for $2.6 million.

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Depreciation Original value Current value Original value Original value Replacement c... View the full answer

Financial Accounting A User Perspective

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