Florida Real Estate Practice Question

A home has 2,200 square feet of living area and 400 square feet of garage. The reproduction cost new is $65 per square foot for living area and $45 per square foot for finished garage area. The site measures 80 feet wide by 125 feet deep and is valued at $5 per square foot. The economic life of the home is estimated to be 60 years. The house is 12 years old. The value of the property using the cost-depreciation approach is: