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Homework answers / question archive / Sara Shimizu is the owner of two rental properties, 509 Brunswick Avenue and 356 Spadina Road

Sara Shimizu is the owner of two rental properties, 509 Brunswick Avenue and 356 Spadina Road

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Sara Shimizu is the owner of two rental properties, 509 Brunswick Avenue and 356 Spadina Road. These properties were purchased six years ago for $525,000 and $600,000, respectively. In 2005, 509 Brunswick Avenue was sold for $550,000. A reasonable allocation of this amount is considered to be 75% to the building and 25% to the land

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