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The building being appraised has a current reproduction cost of $500,000, an effective age of 13 years, and a total economic life of 50 years.
The building being appraised has a current reproduction cost of $500,000, an effective age of 13 years, and a total economic life of 50 years. The cost to cure all curable items is estimated at $25,000. Calculate the accrued depreciation of the structure using the modified economic age-life method.
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