Property Valuation
A Nebraska appraiser is determining the depreciation on a 20-year-old building with an economic life of 50 years. Using the straight-line method, the depreciation percentage is:
A20%
B30%
C40%✓ Correct
D50%
Explanation
Depreciation % = Age ÷ Economic Life = 20 ÷ 50 = 40%. Straight-line depreciation applies equal annual depreciation over the economic life of the improvement.
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