Real Estate Math
A building depreciates over 39 years (commercial). Annual straight-line depreciation on a $585,000 improvement is:
A$15,000/year✓ Correct
B$14,400/year
C$21,273/year
D$20,000/year
Explanation
Annual depreciation = $585,000 ÷ 39 = $15,000/year. Using the values given ($585,000), apply the appropriate formula..
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