Kimberly has a retail clothing store that makes a net operating income (NOI) of $300,000. She originally purchased the property for $2,500,000 and places $500 a month into escrow for replacement reserves. She estimates the land value to be $400,000. She received a mortgage for $1,625,000. The payments each month include principal and interest during year two of $45,909 and $88,229 and during year one of $56,843 and $99,651 respectively. What is the depreciation for years one and two? 

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Particulars Amount Rate of Depreciation as per US Res... View the full answer