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Suppose that you are asked to derive the depreciation rate for a house on rural property. The contributory value of the house is $50,000, the
Suppose that you are asked to derive the depreciation rate for a house on rural property. The contributory value of the house is $50,000, the replacement cost is estimated to be $80,000, and its effective age is 10 years. Calculate the annual percentage depreciation for this house.
3% | ||
3.75% | ||
4% | ||
4.75% |
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