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A single family residence has an actual age of 20 years, an estimated effective age of 15 years, and a remaining economic life of 10

A single family residence has an actual age of 20 years, an estimated effective age of 15 years, and a remaining economic life of 10 years. The Replacement Cost is $67,500. A frame garage was added to the property ten years ago and has an effective age of 10 years with a remaining economic life of 8 years. The Replacement Cost is $15,000. What are the total accrued depreciation for this property?

$40,500

$48,833

$47,600

$8,333

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