Park Terrace Apartments LLC purchased a 110-unit apartment building in Austin, TX. The purchase price was $25,125,000.00. They are allocating 20% of the purchase price towards the value of the land.   What is the annual depreciation?

2. 1680 Continental Blvd LLC purchased a 12-story office building in Newark, NJ. The annual depreciation is $937,179.48. If the land allocation is 15% of the purchase price, what was the purchase price of the building?

3. Harold Smith purchased a 20-unit apartment building in Astoria, NY. His annual depreciation is $178,644.06. The value of the land is 15% of the purchase price. What is the value of the land?

4. Oceanview Towers LLC owns a 30-story commercial office building in Miami, FL. The allocation between building/land is 85%/15%. The purchase price was $65,000,000.00. What is the annual depreciation?

5. Fox River LLC owns a 160-unit multifamily apartment complex in Charlotte, NC. The value allocated to the land is $4,600,000.00. The annual depreciation is $669,090.90. What percentage of the purchase price is allocated to the land?

Answer rating: 100% (QA)

1 To calculate the annual depreciation for the apartment building purchased by Park Terrace Apartments LLC we first need to determine the depreciable value of the building Since 20 of the purchase pri... View the full answer