USE THE FOLLOWING INFORMATION TO ANSWER

Base Building Replacement Cost: $155,000 Carpet Wear & Tear: $2,500

Lack of Proper Technological Innovation: $4,000 Garage Construction Costs: $15,000

Base Building Reproduction Cost: $140,000 Value of the Site: 65,000

Fence Construction Costs: $6,000 No Master Bathroom: $7,000

Depreciated Value of Landscaping: $10,000 Necessary Foundation Repairs: $25,000

What is the total loss in value due to functional obsolescence?

a)$11,000

b)$12,000

c)$13,500

d)$26,500

e)None of the above

(show work)