Park Terrace Apartments LLC purchased a 110-unit apartment building in Austin, TX. The purchase price was $25,125,000.00. They are allocating 20% of the purchase price towards the value of the land.   What is the annual depreciation?

2. 1680 Continental Blvd LLC purchased a 12-story office building in Newark, NJ. The annual depreciation is $937,179.48. If the land allocation is 15% of the purchase price, what was the purchase price of the building?

3. Harold Smith purchased a 20-unit apartment building in Astoria, NY. His annual depreciation is $178,644.06. The value of the land is 15% of the purchase price. What is the value of the land?

4. Oceanview Towers LLC owns a 30-story commercial office building in Miami, FL. The allocation between building/land is 85%/15%. The purchase price was $65,000,000.00. What is the annual depreciation?

5. Fox River LLC owns a 160-unit multifamily apartment complex in Charlotte, NC. The value allocated to the land is $4,600,000.00. The annual depreciation is $669,090.90. What percentage of the purchase price is allocated to the land?