Exam (elaborations)
Final exam review McKissock| 129 quiz questions| with complete solutions
- Course
- McKissock
- Institution
- Liberty University
A dwelling has a reproduction cost of $625,000. It is 10 years old and has an effective age of 12. Its remaining economic life is estimated to be 48 years. What is the depreciated value of the improvements by the age-life method, before including the site value? CORRECT ANSWERS: 12/(12+48)=0.2; $6...
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