Property Valuation
When a Kansas appraiser uses the '50 year economic life / 10 year effective age' calculation, the indicated percentage of depreciation is:
A10%
B20%✓ Correct
C30%
D50%
Explanation
Depreciation percentage = Effective Age ÷ Economic Life = 10 ÷ 50 = 0.20 = 20%.
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