The value of a home was estimated to be $235,600 at the end of seven years.
What was the original cost of the house if the yearly depreciation was 2.5% ?
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A. $285,575.75
Multiply the depreciation of 2.5% times seven (seven years of depreciation) to get a total of 17.5% in totla depreciation.
Divide $235,600 by .825 (the percentage of value left after depreciation) to arrive at the original cost of $285,575.75
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