You have a 150 acre subject property with land valued at $1,050 per acre. There is...

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You have a 150 acre subject property with land valued at $1,050 per acre. There is also an improvement with a reproduction cost of $650,000. The improvement has an effective age of 15 years. There is also a similar improvement on a 100 acre property, with the land also valued at $1,050 per acre. The reproduction cost of this improvement is $550.000 and it has an effective age of 10 years. This property sold for $450,000. a. Calculate the annual percentage depreciation for this sale. Sale Price -Less land value for residential lot contributory value of improvements Reproduction cost new Accrued depreciation Overall percentage of depreciation Effective age Annual percentage depreciation b. Use the above information to determine the indicated value for the subject property. Reproduction Cost Effective Age Total depreciation percentage Total dollar depreciation Depreciated Value of improvements Land Value Indicated Value by Cost Method You have a 150 acre subject property with land valued at $1,050 per acre. There is also an improvement with a reproduction cost of $650,000. The improvement has an effective age of 15 years. There is also a similar improvement on a 100 acre property, with the land also valued at $1,050 per acre. The reproduction cost of this improvement is $550.000 and it has an effective age of 10 years. This property sold for $450,000. a. Calculate the annual percentage depreciation for this sale. Sale Price -Less land value for residential lot contributory value of improvements Reproduction cost new Accrued depreciation Overall percentage of depreciation Effective age Annual percentage depreciation b. Use the above information to determine the indicated value for the subject property. Reproduction Cost Effective Age Total depreciation percentage Total dollar depreciation Depreciated Value of improvements Land Value Indicated Value by Cost Method