3 Use The Following Information To Answer Questions 1 Through 5 Square Footage Main Living Area 1 941 Square Feet 1 (55.61 KiB) Viewed 47 times
3 Use The Following Information To Answer Questions 1 Through 5 Square Footage Main Living Area 1 941 Square Feet 2 (20.8 KiB) Viewed 47 times
3 Use The Following Information To Answer Questions 1 Through 5 Square Footage Main Living Area 1 941 Square Feet 3 (27.47 KiB) Viewed 47 times
3. Use the following information to answer questions 1 through 5: +Square footage: - Main living area 1,941 square feet @ $70 - Garage: 450 square feet @ $42 - Open porch: 150 square feet @ $18 +Lot information: -Size of lot: 95 feet wide by 110 feet long -Value per square foot: $2.80 based on comparable sales analysis What is the estimated reproduction cost new of the structure? O $154,470 reproduction cost new O $156, 470 reproduction cost new O $155,470 reproduction cost new O $157,470 reproduction cost new
4. The structure is 3 years old and has a useful economic life of 60 years. Calculate the accrued depreciation. $9,873.50 accrued depreciation O $10,873.50 accrued depreciation O $7,873.50 accrued depreciation $8,873.50 accrued depreciation
What is the estimated value of the residential property using the cost approach? $178,856 value of the residential property using the cost-depreciation approach $175,856 value of the residential property using the cost-depreciation approach $177,856 value of the residential property using the cost-depreciation approach O $176,856 value of the residential property using the cost-depreciation approach
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!