If the building is 22 years old, what is the current total depreciation of the building?

To determine the total depreciation of a building that is 22 years old, we first need to understand the method of depreciation being used. In real estate, one common method is straight-line depreciation, which typically assumes that the building loses value evenly over its useful life.

With this approach, you would first establish the depreciation schedule for the building, often based on a standard useful life of 27.5 years for residential properties or 39 years for commercial properties. For the sake of this question, let's assume the building you're referencing has a useful life of 39 years, which is typical for commercial properties.

If the cost basis of the building was, for example, $520,000, we can calculate the annual depreciation by dividing the cost by the useful life, giving us approximately $13,333 per year. If the building is 22 years old, the total depreciation would be:

Annual Depreciation x Number of Years = $13,333 x 22 = $293,326.

If we're looking only for total depreciation and assuming this building falls under a different depreciation rate or basis thereof, then the specific details of the original purchase price and the method of depreciation used must be clarified.

The answer provided as $110,