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need correct answer You own a house that you rent for $1125 per month. The maintenance expenses on the house average $205 per month. The
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You own a house that you rent for $1125 per month. The maintenance expenses on the house average $205 per month. The house cost $220,000 when you purchased it 4 years ago. A recent appraisal on the house valued it at $242,000. If you sell the house you will incur $19,360 in real estate fees. The annual property taxes are $2,550. You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office? Multiple Choice O $220,000 $218.760 $222640 $242,000 SO Step by Step Solution
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