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Cost Approach 39 <br />Final Estimate of Depreciation <br />Our estimate of depreciation and calculation of depreciated replacement cost are shown in the <br />following tables. <br />Estimate of Depreciation <br />Building Improvements <br />Replacement Cost New <br />$536,063 <br />Less: Deferred Maintenance <br />$0 <br />Remaining Cost <br />$536,063 <br />Age -Life Depreciation <br />70% <br />- $375,244 <br />Additional Functional Obsolescence <br />0% <br />$0 <br />External Obsolescence <br />0% <br />$0 <br />Total Depreciation <br />- $375,244 <br />Depreciated Replacement Cost <br />$160,819 <br />Site Improvements <br />Replacement Cost New <br />$1,290,578 <br />Less: Deferred Maintenance <br />$0 <br />Remaining Cost <br />$1,290,578 <br />Age -Life Depreciation <br />56% <br />- $722,724 <br />Additional Functional Obsolescence <br />0% <br />$0 <br />External Obsolescence <br />0% <br />$0 <br />Total Depreciation <br />- $722,724 <br />Depreciated Replacement Cost <br />$567,854 <br />Overall Property <br />Replacement Cost New <br />$1,826,641 <br />Deferred Maintenance <br />$0 <br />Remaining Cost <br />$1,826,641 <br />Age -Life Depreciation <br />- $1,097,968 <br />Additional Functional Obsolescence <br />$0 <br />External Obsolescence <br />$0 <br />Total Depreciation <br />- $1,097,968 <br />Depreciated Replacement Cost <br />$728,673 <br />Rounded: <br />$730,000 <br />Depreciation Worksheet - Building Improvements <br />Other <br />%of Wtd.Avg. <br />Wtd.Avg. Other <br />Bldg Effective Economic <br />S/L Deprec. <br />Replacement Overall S/L <br />Other S/L Deprec. <br /># Bldg Name Age (Yrs) Life (Yrs) <br />Deprec. % % <br />Cost New RCN Deprec. <br />Deprec. Deprec $ $ <br />1 Pool Buildng 15 30 <br />50% <br />$139,100 25.9% 13.0% <br />0.0% $69,550 $0 <br />2 Storage /Restroom 20 25 <br />80% <br />$301,477 56.2% 45.0% <br />0.0% $241,182 $0 <br />3 Press Box /Concessio 20 30 <br />67% <br />$95,486 17.8% 11.9% <br />0.0% $63,657 $0 <br />$536,063 100.0% 69.8% <br />0.0% $374,389 $0 <br />Weighted Average Depreciation % <br />69.8% 0.0% <br />Rounded <br />70% <br />0% <br />The Glenn Center <br />irr <br />Attachment number 1 <br />H -5 Page 372 <br />