An appraiser noted the following about a rental home: Needs exterior paint $3,636 cost to cure; Needs new water heater $506 cost to cure; Has one bath in market for two ($11,286 capitalized rent loss); Has poor floor plan ($5,897 capitalized rent loss); Is located next to a convenience store ($9,229 capitalized rent loss). How much is curable physical depreciation?

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter14: Property Transact Ions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 17DQ
icon
Related questions
icon
Concept explainers
Question

An appraiser noted the following about a rental home: Needs exterior paint $3,636 cost to cure; Needs new water heater $506 cost to cure; Has one bath in market for two ($11,286 capitalized rent loss); Has poor floor plan ($5,897 capitalized rent loss); Is located next to a convenience store ($9,229 capitalized rent loss). How much is curable physical depreciation?

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Property Insurance
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
Accounting
ISBN:
9780357391723
Author:
Maloney
Publisher:
Cengage
Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
Accounting
ISBN:
9780357391129
Author:
WHITTENBURG
Publisher:
Cengage
SWFT Individual Income Taxes
SWFT Individual Income Taxes
Accounting
ISBN:
9780357391365
Author:
YOUNG
Publisher:
Cengage
SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
Accounting
ISBN:
9780357233306
Author:
Maloney
Publisher:
Cengage
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
CONCEPTS IN FED.TAX., 2020-W/ACCESS
CONCEPTS IN FED.TAX., 2020-W/ACCESS
Accounting
ISBN:
9780357110362
Author:
Murphy
Publisher:
CENGAGE L