An old gas station on a good corner location in a desirable older neighborhood recently sold for $375,000. the reproduction cost of the improvements today would be $350,000 and the total depreciation is estimated to be 75%. what is the land value?

The land value is : $287,500

Step-by-step explanation:

An old gas station on a good corner location is sold for $375,000.

The reproduction cost of the improvements today would be $350,000 and the total depreciation is estimated to be 75%.

The remaining value of the building = = $87,500

So, the land value is = = $287,500

set each factor equal to 0

4x-3 = 0

2x-1 = 0

solve for x.

4x-3=0

4x=3

x= 3/4

solve for x. 

2x-1= 0

2x= 1

x= 1/2

eventually after a few more steps, your answer should be 1/2 is less than or equal to x and 3/4 is greater than or equal to x