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The maintenance expenses on a rental house you own average $200 a month and property taxes are $4,800 annually. The house cost $238,500 when you
The maintenance expenses on a rental house you own average $200 a month and property taxes are $4,800 annually. The house cost $238,500 when you purchased it four years ago. The house was recently appraised at $254,600. If you sell the house, you will incur $12,900 in costs. What value should you place on this house should you opt to use it as your professional office?
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