Real Estate Math
A straight-line depreciation calculation for Iowa commercial property (39-year useful life) on a building valued at $390,000 results in annual depreciation of:
A$10,000✓ Correct
B$13,000
C$9,750
D$7,500
Explanation
Annual depreciation = Building Value / Useful Life = $390,000 / 39 = $10,000 per year. Using the values given ($390,000), apply the appropriate formula..
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