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Cost Approach 40 <br />Depreciation Worksheet - Site Improvements <br />Site Effect Life <br />S/L <br />Depr. <br />%of <br />Wtd. Avg. <br />Wtd. Avg. <br />Imp Age Expect <br />Deprec Override Replacement <br />Overall <br />S/L <br />Depr. <br /># Item (Yrs) (Yrs) <br />% <br />% Cost New <br />RCN <br />Deprec. <br />Override <br />1 Fenci ng 8 15 <br />53% <br />$29,456 <br />2.3% <br />1.2% <br />0.0% <br />2 Athletic Field Lighting 8 15 <br />53% <br />$184,932 <br />14.3% <br />7.6% <br />0.0% <br />3 Swimming Pool 10 20 <br />50% <br />$302,830 <br />23.5% <br />11.7% <br />0.0% <br />4 Baseball fields 7 15 <br />47% <br />$231,000 <br />17.9% <br />8.4% <br />0.0% <br />5 Concrete bleachers 10 15 <br />67% <br />$427,598 <br />33.1% <br />22.1% <br />0.0% <br />6 Football field 10 15 <br />67% <br />$46,200 <br />3.6% <br />2.4% <br />0.0% <br />7 General site improvements 8 15 <br />53% <br />$57,750 <br />4.5% <br />2.4% <br />0.0% <br />8 Scoreboards 10 16 <br />63% <br />$4,932 <br />0.4% <br />0.2% <br />0.0% <br />9 Baseball backstops 8 15 <br />53% <br />$3,297 <br />0.3% <br />0.1% <br />0.0% <br />10 Football goaIposts 8 15 <br />53% <br />$2,584 <br />0.2% <br />0.1% <br />0.0% <br />$1,290,578 <br />100.0% <br />56.3% <br />0.0% <br />Weighted Average Depreciation % <br />Rounded <br />56% <br />0% <br />Value Indication by Cost Approach <br />By combining our land value conclusion with the depreciated replacement <br />cost of the improvements, <br />we arrive at a value indication by the cost approach as shown in the table below. <br />Value Indication by Cost Approach <br />Depreciated Replacement Cost <br />$730,000 <br />Land Value <br />$210,000 <br />Indicated Property Value <br />$940,000 <br />Rounded <br />$940,000 <br />The Glenn Center <br />irr <br />Attachment number 1 <br />H -5 Page 373 <br />