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Business, 06.05.2021 16:40 PastelHibiscus

Current construction costs for properties such as the subject and the comparable properties in the previous two problems are approximately $140 per square foot. The subject and all the comparables are approximately eight years old and all have been equally well maintained. None have experienced functional or external obsolescence. If market-derived depreciation estimates reflect straight-line (constant percentage) rates of depreciation, what does this suggest about the useful economic lives of the buildings

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