The subject property just sold for $654,000, and the existing building is 22 years old. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The subject property just sold for $654,000, and the existing building is 22 years old. The land value is $250,000. The reproduction cost (cost new) is $675,000 for the improvements. What is the annual rate of depreciation on a percentage basis? The subject property just sold for $654,000, and the existing building is 22 years old. The land value is $250,000. The reproduction cost (cost new) is $675,000 for the improvements. What is the annual rate of depreciation on a percentage basis?
Expert Answer:
Answer rating: 100% (QA)
To calculate the annual rate of depreciation on a percentage basis we can use the formula Rate of De... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
What is the net income ratio of a property where the potential gross income is $110,000; the vacancy and collection loss is estimated at $10,000, and the operating expenses are estimated at $30,000?...
-
What is the future value of $1,101 invested for 9 years at 7 percent compounded annually? 2. What is the present value of $18,664 to be received 7 years from today if the discount rate is 7 percent?...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Solve: [1+ log (xy)] dx + [ 1 + x/y ]dy = 0.
-
Evaluate Tescos research efforts for the U.S. market. Did this research help or hurt? One beautiful autumn morning in Ontario, California, a long line of people waited anxiously with shopping carts....
-
Download the Monthly Adjusted Prices for Microsoft (MSFT). What is the return on the stock over the past 12 months? Now use the 1 Month Total Return and calculate the average monthly return. Is this...
-
In the benzene adsorber of Example 9.7, the flow rate is increased to \(0.25 \mathrm{~m}^{3} / \mathrm{s}\). Calculate the breakthrough time and the fraction of the bed adsorption capacity that has...
-
This is the trial balance of Solis Company on September 30. The October transactions were as follows. Oct.5.Received $1,300 in cash from customers for accounts receivable due. 10 Billed customers for...
-
6. A carver begins work on a block of granite that measures 20 cm by 10 cm by 5 cm. Granite has a density of 2.7 g/cm. What is the mass of the piece of granite? a. What do you need to calculate...
-
McGuire decides to start slow with a project testing the increased automation of their horse feed line. Below are the projected cost of the expansion in automation, given a 5 year useful life of the...
-
As a consumer or paid user, think of the biggest, most frustrating, and painful task or situation you continually must take, and one which would be worth a lot to eliminate or minimize. These are...
-
The people in an economy have $276 million in money. There is only one bank that all the people deposit their money in and it holds 21% of the deposits as reserves. What is the money multiplier in...
-
In one to two sentences, describe one similarity and one difference between a quota and an embargo. 4. Differentiate foreign investment from the types of aid provided by the UNDP and World Bank,...
-
After working a four-hour shift, Paul readied himself to leave his call centre station and go home. As usual, he was thoroughly exhausted. He worked as a customer service representative for an online...
-
Discuss different trade policies that are currently enacted and if they should be updated in some way. Then create your own policy about an area in the economy is currently not addressed in current...
-
Excellence in Customer Service is a cornerstone of success in business interm of financial sector in terms of customer service . By researching existing company (Amex) with a reputation for...
-
2. Where should the 200 pound person stand to balance the weight of the 150 pound person? Notice the units are not kg and meters but the torque equations still work. Alternative units for torque are...
-
Open Text Corporation provides a suite of business information software products. Exhibit 10-9 contains Note 10 from the companys 2013 annual report detailing long-term debt. Required: a. Open Text...
-
Phoenix Ltd. is a not-for-profit organization that began operations on January 1, 2013. The organization provides support for individuals who are trying to start a new life after experiencing...
-
Ord Inc. owns 40% of the shares of Derwent Co. and holds the only substantial block of shares in that entity, no other party owning more than 3% of the shares. The annual general meeting of Derwent...
-
On January 1, 2009, Zaldivar acquired 75% of the share capital of Burran at a cost of $27,600. At this date, the capital of Burran consisted of 30,000 common shares, and retained earnings were...
-
From the following account balances of Josland at 31 December 20X2 prepare a balance sheet in both T-format and narrative classified format. Cash at bank $113 500 Accounts receivable (net) 52 400...
-
Flightboat Ltd borrowed $60 000, issued $20 000 worth of ordinary shares, paid a dividend of $50 000 and the owner withdrew $10 000 in cash. What was Flightboats net cash provided (used) by financing...
-
Obtain the Woolworths 2018 annual report and answer the following questions. Required: 1 How does Woolworths report on its corporate responsibility? 2 List three important points the CEO makes...
Study smarter with the SolutionInn App