ᐅ What is the depreciation value of an 11-year-old fitted kitchen?
Created on: 8 Jul 2018 19:05
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M4rvin
Hi everyone!
My mom moved into a newly renovated small house 11 years ago.
She had to take over the 3-month-old kitchen (3,973€ list price) for 3,200€.
Now she has been given notice for personal use...
How much can she still sell the kitchen for, and is the previous owner even required to take it?
My mom definitely does not want to keep the kitchen! (It was all pretty low quality, I think it was from a Spanish manufacturer)
Thanks in advance
M4rvin
My mom moved into a newly renovated small house 11 years ago.
She had to take over the 3-month-old kitchen (3,973€ list price) for 3,200€.
Now she has been given notice for personal use...
How much can she still sell the kitchen for, and is the previous owner even required to take it?
My mom definitely does not want to keep the kitchen! (It was all pretty low quality, I think it was from a Spanish manufacturer)
Thanks in advance
M4rvin
H
HilfeHilfe2 Dec 2018 16:31M4rvin schrieb:
Long story short, the buyer was a relative of the painter. Everything was settled together in one calculation.
So, in the end, she sold the kitchen for €900 (about $980), or rather gave away the kitchen and had the entire house painted. M4rvin schrieb:
Long story short, the buyer was a relative of the painter. Everything was settled together in one calculation.
So, in the end, she sold the kitchen for €900 (about $980), or rather gave away the kitchen and had the entire house painted. Not really given away considering €900 (about $980), usually worth nothing after 10 years.
HilfeHilfe schrieb:
Normally, 900€ (about $970) is basically worthless after 10 years, so don’t really give it awayBy "give away," I meant that the house was painted for "free"! In other words, the kitchen was basically exchanged for a house paint job!
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HilfeHilfe3 Dec 2018 18:55So to speak, a swap (exchange transaction)