Property Valuation
A Kentucky building has a replacement cost of $350,000 and has depreciated 20%. The depreciated value is:
A$250,000
B$280,000✓ Correct
C$300,000
D$315,000
Explanation
Depreciated value = Replacement Cost × (1 − Depreciation Rate) = $350,000 × 0.80 = $280,000.
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