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An appraiser has determined that the replacement cost of a building is $350,000 and the depreciation rate is 1.45 percent per year for 10 years.

An appraiser has determined that the replacement cost of a building is $350,000 and the depreciation rate is 1.45 percent per year for 10 years. Using the flat-line method estimate the depreciation?

$5,075

$8,975

$35,000

$50,750

None of the above

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