Property Valuation
A building has a reproduction cost of $800,000 and 15% total depreciation. What is the depreciated value of the improvements?
A$120,000
B$560,000
C$680,000✓ Correct
D$800,000
Explanation
Depreciation = $800,000 × 0.15 = $120,000. Depreciated improvement value = $800,000 − $120,000 = $680,000.
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