Given the following comparable sale data, estimate accrued depreciation for the subject improvements. The improvements on the
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Question:
Given the following comparable sale data, estimate accrued depreciation for the subject improvements. The improvements on the subject and sale #1 are deemed to be comparable.
Subject: 3000 acres of rangeland with adequate improvements which would cost $225,000 to build today.
Sale 1: 2000 acres of rangeland with adequate improvements (comparable to the subject in value), sold last week for $750,000.
Sale 2: 2700 acres of rangeland with no improvements, sold last week for $877,500.
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
Posted Date: