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As an example, when holiday vacation homes and industrial Attributes have very little depreciation, most real-estate does have a big number of depreciation.
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The NPV, having said that, would not take under consideration the depreciation since it is the price of cash. However, this is a component on the extensive-time period management price, which also incorporates the upkeep charge and also the depreciation component.
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For Marriott, the expense of money is the whole from the administration fee and functioning cost. The 3 major running expenditures are the price of building, investment and depreciation.
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