Analyze the following property information: Sale price $200,000 Land value $120,000 Replacement cost (new) $145,000 Age of
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Question:
Analyze the following property information:
| Sale price | $200,000 |
| Land value | $120,000 |
| Replacement cost (new) | $145,000 |
| Age of property | 12 years |
What is the annual percent depreciation of the property?
Expert Answer:
To calculate the annual percent depreciation of the property we need to compare the d... View the full answer
Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
