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A purchaser buys a house for $234,500 by making a $25,000 cash down payment and taking out a $209,500 mortgage for 30 yrs the lot
A purchaser buys a house for $234,500 by making a $25,000 cash down payment and taking out a $209,500 mortgage for 30 yrs the lot value is $80,000 if the purchaser wants to depreciate the property over a period of 27 1/2 yrs what will be the annual depreciation amount using the straight line method
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