An office complex measuring two hundred and three metre square(203m^2) has being offered for sale.The cost of replacing the asset and depreciation is estimated at $1200 and 10% respectively. I. Calculate the market value of the office complex II. If an extension of fifty two metre square (52m^2) has being made to the office complex to be used as a residential facility.Calculate the capital value of the residential facility at a rate of nine hundred metre square(900m^2) a depreciation of 4%. III.If land comparable land values is assessed at $30000. Calculate the
An office complex measuring two hundred and three metre square(203m^2) has being offered for sale.The cost of replacing the asset and depreciation is estimated at $1200 and 10% respectively. I. Calculate the market value of the office complex II. If an extension of fifty two metre square (52m^2) has being made to the office complex to be used as a residential facility.Calculate the capital value of the residential facility at a rate of nine hundred metre square(900m^2) a depreciation of 4%. III.If land comparable land values is assessed at $30000. Calculate the
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
An office complex measuring two hundred and three metre square(203m^2) has being offered for sale.The cost of replacing the asset and depreciation is estimated at $1200 and 10% respectively.
I. Calculate the market value of the office complex
II. If an extension of fifty two metre square (52m^2) has being made to the office complex to be used as a residential facility.Calculate the capital value of the residential facility at a rate of nine hundred metre square(900m^2) a depreciation of 4%.
III.If land comparable land values is assessed at $30000. Calculate the value of the subject property.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education