apokolok
2018-09-27 13:34:52
- #1
That’s absolute wishful thinking. A cheap kitchen is supposed to still be worth 70% of its new value after 11 years? But really only if it’s the last kitchen on earth. Kitchens are depreciated over 10 years, 10% per year. The kitchen has a book value of 0.Hello Marvin, the condition of the kitchen can still be excellent, especially if mom took care of it carefully. Nonsense that it can't be worth anything anymore. Insurers calculate like this: depreciation in the first year 24%, then 2.5% each year after. At the end, you can add 50% on top of that, which is generally also accepted by courts if the buyer complains afterwards. Basically: bought as seen and no one has to buy if they don’t like it. So the kitchen can certainly still be worth 70% of its original value.