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The roofs at the association are ten years old, and the manager has established the remaining useful life of the roofs at five years. The
The roofs at the association are ten years old, and the manager has established the remaining useful life of the roofs at five years. The
board has also decided to replace the rain gutters at the same time the roofs are replaced. Current replacement fund balances are
$72,600 for roofs and $8,000 for gutters. The association has 16 buildings. Eight of these have a roof area of 4,800 square feet and
278 linear feet of gutter. The remaining buildings have 6,200 square feet of roof area and 322 linear feet of gutters. The monthly
assessment rate is $186.23 for three bedroom units and $162.83 for two bedroom units. The current cost for roof replacement is
$150.00 per square and gutter replacement is $3.60 per linear foot.
What is the current replacement cost for the rain gutters?
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