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An appraiser has determined that the replacement cost of a commercial building is $1 million, the accumulated depreciation is $425,000 and the value of the
An appraiser has determined that the replacement cost of a commercial building is $1 million, the accumulated depreciation is $425,000 and the value of the land is $225,000. The appraised value of this property is:
a. $1,650,000
b. $800,000
c. $700,000
d. $650,000
e. $575,000
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