Real Estate Math
A Colorado property has depreciated by 22% from its original value of $580,000. What is the current depreciated value?
AA. $452,400✓ Correct
BB. $127,600
CC. $451,400
DD. $453,600
Explanation
Depreciation = $580,000 × 22% = $127,600. Current value = $580,000 - $127,600 = $452,400.
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