An appraiser noted the following about a rental home: Needs exterior paint $3,636 cost to cure; Needs new water heater $506 cost to cure; Has one bath in market for two ($11,286 capitalized rent loss); Has poor floor plan ($5,897 capitalized rent loss); Is located next to a convenience store ($9,229 capitalized rent loss). How much is curable physical depreciation?
An appraiser noted the following about a rental home: Needs exterior paint $3,636 cost to cure; Needs new water heater $506 cost to cure; Has one bath in market for two ($11,286 capitalized rent loss); Has poor floor plan ($5,897 capitalized rent loss); Is located next to a convenience store ($9,229 capitalized rent loss). How much is curable physical depreciation?
Chapter14: Property Transact Ions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 17DQ
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An appraiser noted the following about a rental home: Needs exterior paint $3,636 cost to cure; Needs new water heater $506 cost to cure; Has one bath in market for two ($11,286 capitalized rent loss); Has poor floor plan ($5,897 capitalized rent loss); Is located next to a convenience store ($9,229 capitalized rent loss). How much is curable physical
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