23.A single family residence has an actual age of 20 years, an estimated effective age of 15 years, and a remaining economic life of 10 years. The Replacement Cost is $67,500. A frame garage was added to the property ten years ago and has an effective age of 10 years with a remaining economic life of 8 years. The Replacement Cost is $15,000. What are the total accrued depreciation for this property?

Select one:

a. $40,500

b. $47,600

c. $8,333

d. $48,833

14.If its rent is $1,230, what is the estimated value for the subject property using income capitalization approach given following information?For sale #1, selling price is $138,000, monthly rent is $1,250; For sale #2, selling price is $124,000, monthly rent is $1,100;For sale #3, selling price is $129,500, monthly rent is $1,200; For sale #4, selling price is $137,000, monthly rent is $1,225; For sale #5, selling price is $128,000, monthly rent is $1,175;

Select one:

a. $133,250

b. $135,691

c. $126,543

d. $135,746

13.The subject property has a net operating income of $400,000. You have obtained the following two recent sales data: For sale #1, NOI is $424,200, selling price is $4,200,000; for sale #2, NOI is $387,200, selling price is $3,400,000. What is the estimated value using the capitalization rate approach ( assign equal weights to the two sales)?

Select one:

a. $3,960,396

b. $3,512,397

c. $3,722,967

d. $3,800,000