If a property was purchased at $250,000 with a land value of $30,000, what is the annual depreciation over an economic life of 25 years?

$8,800

Explanation:

Calculation for what is the annual depreciation over an economic life of 25 years

First step is to calculate the value of the building value

Value of the building value=$250,000 - $30,000

Value of the building value= $220,000

Now let calculate the annual depreciation over an economic

Annual depreciation =$220,000 ÷ 25 years

Annual depreciation = $8,800

Therefore the annual depreciation over an economic life of 25 years will be $8,800

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hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi