Create a depreciation schedule

timer Asked: Sep 12th, 2015

Question description


Values Percentage

Land $45,000 14.29%

Improvements $260,000 82.54%

Fixtures $10,000 3.17%

Total $315,000 100.00%

create a depreciation

schedule for the (fictional) property purchased with this

loan. When the property was purchased, an appraisal was

performed. The property included separate components of

land and improvements (the building), and also included

some fixtures (appliances, such as a refrigerator). You paid

a slightly higher appraisal fee than usual, and instructed

the appraiser to provide you with the following breakdown

of values above.

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