kemonemartin07 kemonemartin07

26-10-2022
Mathematics

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Assume a property (land and building) sold three years ago for $750,000. Further assume that real estate values have increased 4% per year since then. Assume that the land is currently worth $250,000 and that the replacement cost for the existing improvements is $1,100,000. Finally assume that the current improvments are one-third the way through their economic service life.

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