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Question Number 95
If an appraiser uses the cost basis to determine the value of a two-story building 128 × 97 at $120/sq. ft., with $10,000 in depreciation and a $27,500 lot, what is the value of the property?
$2,997,340
$3,007,340
$1,489,920
$2,979,840
✔ Correct Answer:
$2,997,340
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