Real Estate Math
A Florida building has a replacement cost of $800,000. Physical depreciation is $120,000, functional obsolescence is $40,000, and external obsolescence is $20,000. Total accrued depreciation is:
A$180,000✓ Correct
B$160,000
C$140,000
D$200,000
Explanation
Total accrued depreciation = Physical + Functional + External = $120,000 + $40,000 + $20,000 = $180,000.
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