What is the estimated market value of a property that 3,500 sq. ft. and is adjacent to the freeway? Comparable Sales: One year ago a 2,600 sq. ft. property not adjacent to freeway sold for $250,000. This year a 2,600 sq. ft. property not adjacent to freeway sold for $325,000. A 3,500 sq. ft. property not adjacent to the freeway sold 1 year ago for $275,000. A 2,600 sq. ft. property sold this year for $300,000. Located adjacent to the freeway
Depreciation Methods
The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.
Depreciation Accounting
In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.
What is the estimated market value of a property that 3,500 sq. ft. and is adjacent to the freeway?
Comparable Sales:
One year ago a 2,600 sq. ft. property not adjacent to freeway sold for $250,000.
This year a 2,600 sq. ft. property not adjacent to freeway sold for $325,000.
A 3,500 sq. ft. property not adjacent to the freeway sold 1 year ago for $275,000.
A 2,600 sq. ft. property sold this year for $300,000. Located adjacent to the freeway
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