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(25 points) A new 40,000 sqft office building was just constructed across the street from yours. Construction costs were $920,000. Your office building is 35,000
(25 points) A new 40,000 sqft office building was just constructed across the street from yours. Construction costs were $920,000. Your office building is 35,000 sqft and was built 5 years ago. You believe it is accurate to assume that you have used 5 years of the estimated 50-year economic life of the structure. The land value of your parcel is $300,000. Using the age-life method of depreciation, what is the estimated value of your property? (25 points) A new 40,000 sqft office building was just constructed across the street from yours. Construction costs were $920,000. Your office building is 35,000 sqft and was built 5 years ago. You believe it is accurate to assume that you have used 5 years of the estimated 50-year economic life of the structure. The land value of your parcel is $300,000. Using the age-life method of depreciation, what is the estimated value of your property
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