What was the building sale price

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Reference no: EM132057276

A building was built in 2003. It was assessed at 80% value of improvements and 20% land value, and the owner declared an annual depreciation of $88,000. Then the building was sold in 2018, and the Assessor declared that the value of the improvements was now 65% of the total property value. If the new owner enjoys an annual depreciation write-off of $127,292, what was the building’s sale price? (Round the answer to the nearest 1,000).

Reference no: EM132057276

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