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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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