How much does a $12,000,000 property depreciate in value after one year at a 2.5% depreciation rate?

To determine how much a property depreciates in value after one year at a 2.5% depreciation rate, you multiply the property's value by the depreciation percentage.

In this case, the property's value is $12,000,000, and you need to calculate 2.5% of that amount. The calculation is as follows:

1. Convert the percentage to a decimal: 2.5% is equivalent to 0.025.

2. Multiply the property value by the decimal:

$12,000,000 x 0.025 = $300,000.

This means that after one year, the property would depreciate in value by $300,000 due to the specified depreciation rate. Thus, the correct answer reflects the calculated depreciation amount accurately.