A building has a depreciation rate of 10%. The reproduction cost is $250,000 and the land value is $50,000. Using the cost approach, what is the value of the building? $275,000 $285,000 $310,000 $190,000

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
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A building has a depreciation rate of 10%. The
reproduction cost is $250,000 and the land
value is $50,000. Using the cost approach, what
is the value of the building?
$275,000
$285,000
$310,000
$190,000
Transcribed Image Text:A building has a depreciation rate of 10%. The reproduction cost is $250,000 and the land value is $50,000. Using the cost approach, what is the value of the building? $275,000 $285,000 $310,000 $190,000
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