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A 9-year-old condominium was estimated by an appraiser to have a reproduction cost of $240,000. It has an effective age of 3 years and an

A 9-year-old condominium was estimated by an appraiser to have a reproduction cost of $240,000. It has an effective age of 3 years and an economic life of 60 years. What is the accrued depreciation?

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