An apartment building has a land value set at $30,000. the investor recently bought the property for $150,000. assuming an economic life for the improvement to be 35 years, using the straight-line approach, what would be the value of the property after 14 years?

$102,000

Step-by-step explanation:

Given:

Set land value = $30,000

Buying cost of the property = $150,000

Now,

The Improvement Value = Buying cost - Land value

or

The Improvement Value = $150,000 - $30,000 = $120,000

Now,

Depreciation per year =

or

Depreciation per year =

or

Depreciation per year = $3,428.57

Therefore,

The depreciated over 14 years = $3,428.57 × 14 yrs = $48,000

Hence,

the value of property after 14 years will be

= $150,000 - $48,000

= $102,000

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step-by-step explanation:

answer: 204

step-by-step explanation:

we are told that the revenue is

x⋅(4080−10x)=−10x^2+4080x

this is a quadratic function, so to maximize it we should find the x-value of its vertex. recall that the x-value of the vertex of the parabola ax^2+bx+c is given by the formula −b/2a.

so in this case, we have a=−10 and b=4080, so the x-value of the vertex is

−b/2a= −(4080)/2(−10)=204