Real Estate Math
A building costs $240,000 to reproduce new and has 20% accumulated depreciation. What is the depreciated value of the improvements?
A$48,000
B$192,000✓ Correct
C$200,000
D$216,000
Explanation
Depreciation = $240,000 × 20% = $48,000. Depreciated value = $240,000 − $48,000 = $192,000. To solve this, multiply the relevant values: $240,000 at 20%.. The correct answer is $192,000.. This is a common calculation on the Georgia real estate exam.
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