Price Of Old Apartment After Calculating Depreciation
This query is : Resolved
06 January 2021
Dear Experts,
If the current price of a brand new 850 sq. ft. apartment in a gated society is a 100 bucks ,
then what would the approximate current price of the same apartment be,
in real terms after calculating depreciation,
if it were to be 25 years old?
Kaushik.
If the current price of a brand new 850 sq. ft. apartment in a gated society is a 100 bucks ,
then what would the approximate current price of the same apartment be,
in real terms after calculating depreciation,
if it were to be 25 years old?
Kaushik.
CA R SEETHARAMAN
(Expert)
06 January 2021
No depreciation calculated on house property. The present market value will be more than it costed 25 years ago.
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