1 answer
(click or scroll down)
cost per year = 32,000 + 55,000 = 87,000
revenue per year = 100,000
profit/year = 13,000
so after ten years you have made 130,000 but you have depreciated the property to zero
550,000 -130,000 = 420,000 invested and not paid back
From now on you make 100,000-32,000 = 68,000 per year
420/68 = 6.2 more years before you really break even for total of 16.2 years.
However, particularly if taxes were part of this, you would be likely to sell it after ten years hopefully at a price greater than 420,000