
Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134162690
Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134162690 Exercise 3
The General Service Contractor Company paid $400,000 for a house and lot. The value of the land was appraised at $155,000 and the value of the house at $245,000. The house was then torn down at an additional cost of $15,000 so that a warehouse could be built on the combined lots at a cost of $l,250,000. What is the value of the property with the warehouse? For depreciation purposes, what is the cost basis for the warehouse?
Explanation
The loss in the value of asset because o...
Contemporary Engineering Economics 6th Edition by Chan Park
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