Find the assumed value of the land

Reference no: EM13188738

A house and lot valued at $ 92500 is being depreciated over 25 years by the straight-line method . After 11 years, the book value of the asset is $ 65000 . Since only the value of the house depreciates, find the assumed value of the land.

Reference no: EM13188738

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Find the assumed value of the land : A house and lot valued at $ 92500 is being depreciated over 25 years by the straight-line method . After 11 years, the book value of the asset is $ 65000 . Since only the value of the house depreciates, find the assumed value of the land.

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