Land value: | 500m2 * 2000/m2 | 1 000 000 | |
Tarmac
(expected life 10 years): Replacement cost new (RCN): 80 000 |
Less depreciation:.(40 000) | 40 000 | |
Ground
improvements: Landscaping/fencing etc (RCN): 20 000 |
Less depreciation: (14 000) | 6 000 | |
Other
improvements Canopy (RCN): 80 000 |
Less depreciation:(50 000) | 30 000 | |
Underground
tanks/plumbing (RCN): 200 000 |
Less depreciation: (120 000) |
80 000 | |
Workshop
(RCN): 100m2 @ 600 = 60 000 |
Less depreciation:(15 000) | 45 000 | |
Shop/restrooms
(RCN): 150m2 @ 700= 105 000 |
Less depreciation:(26 300) | 78 700 | |
Market value: | 1 279 700 say 1 280 000 |