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A comparable sale has a sale price of $550,000 (VO) and a lot value of $90,000 (VL). The site improvements (VSI) have a contributory value
A comparable sale has a sale price of $550,000 (VO) and a lot value of $90,000 (VL). The site improvements (VSI) have a contributory value of $25,000, and the cost of construction of the house is $550,000. What is the implied economic life if the house is 20 years old?
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