Real Estate Math
A property depreciates at 1/39 per year for commercial tax purposes. A $390,000 building has an annual depreciation of:
A$7,500
B$10,000✓ Correct
C$12,500
D$15,000
Explanation
Annual depreciation = $390,000 ÷ 39 years = $10,000 per year (straight-line commercial depreciation over 39 years).
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