Mathematics, 30.07.2020 09:01 girdwood797
Six years ago, an investor purchased a downtown apartment complex and an adjacent piece of land. The current value of the property is $850,000. Of the total, the current value of the apartment complex is $710,000 and the current value of the land is $140,000. Using the straight-line method, assuming an average appreciation of 6% on the land and an average depreciation of 3% on the apartment complex, what was the original value of the property? Round your answer to the nearest dollar.
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Six years ago, an investor purchased a downtown apartment complex and an adjacent piece of land. The...
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