Real Estate Math
A Florida property has a replacement cost of $520,000 and accrued depreciation of 15%. What is the depreciated value of the improvements?
A$442,000✓ Correct
B$468,000
C$520,000
D$78,000
Explanation
Depreciation = $520,000 × 15% = $78,000. Depreciated value = $520,000 − $78,000 = $442,000.
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