Question
A motel with the following average annual figures in the accounts was recently sold for $2.6 million. Analyse the following property information: Sale price $200,000
A motel with the following average annual figures in the accounts was recently sold for $2.6 million.
Analyse the following property information:
| Sale price | $200,000 |
| Land value | $120,000 |
| Replacment cost (new) | $145,000 |
| Age of property | 12 years |
What is the annual percent depreciation of the property?
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Depreciation Original value Current value Original value Original value Replacement c...
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
