he effective age of our subject is 10 years with a depreciation of 9%. The comparable has an effective age of 12 years with a depreciation of 11%. Calculate the AGE ADJUSTMENT if the cost as new for the comparable isestimated at $230,000. The lifespan of subject property aand comparable is 50 years.
he effective age of our subject is 10 years with a depreciation of 9%. The comparable has an effective age of 12 years with a depreciation of 11%. Calculate the AGE ADJUSTMENT if the cost as new for the comparable isestimated at $230,000. The lifespan of subject property aand comparable is 50 years.
he effective age of our subject is 10 years with a depreciation of 9%. The comparable has an effective age of 12 years with a depreciation of 11%. Calculate the AGE ADJUSTMENT if the cost as new for the comparable isestimated at $230,000. The lifespan of subject property aand comparable is 50 years.
The effective age of our subject is 10 years with a depreciation of 9%. The comparable has an effective age of 12 years with a depreciation of 11%. Calculate the AGE ADJUSTMENT if the cost as new for the comparable isestimated at $230,000. The lifespan of subject property aand comparable is 50 years.
Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video
Expert Solution
What is Age Adjustment:
Age-adjusted rates mean the rates that should be there in case of the population under study is having the same age distribution.
Now, in the above-mentioned case, the effective age of the subject is 10 years
The comparable is having an age of 12 years
The cost of the new comparable =$230,000
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