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2. Replacement Decision: Use the following information to determine the replacement value of the building and property. The building measures 600 x 300 feet, 3

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2. Replacement Decision: Use the following information to determine the replacement value of the building and property. The building measures 600 x 300 feet, 3 stories high, and would cost $200 per foot to replace. It has an economic life of 40 years and 8 years have lapsed since the building was constructed. Additional Information follows: Discount rate 6% Repairable Physical Depreciation $105,000 Repairable Functional Depreciation $210,000 Non-Repairable Functional Depreciation $365,000/year Non-Repairable External Depreciation $120,000/year Site Value $3,000,000 Calculate the Value of this property: LABELS are required 2. Replacement Decision: Use the following information to determine the replacement value of the building and property. The building measures 600 x 300 feet, 3 stories high, and would cost $200 per foot to replace. It has an economic life of 40 years and 8 years have lapsed since the building was constructed. Additional Information follows: Discount rate 6% Repairable Physical Depreciation $105,000 Repairable Functional Depreciation $210,000 Non-Repairable Functional Depreciation $365,000/year Non-Repairable External Depreciation $120,000/year Site Value $3,000,000 Calculate the Value of this property: LABELS are required

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