A commercial property valued at $500,000 is being depreciated over 39 years. If the property is 11 years old, what is the total depreciation that has been taken?

To determine the total depreciation that has been taken on a commercial property valued at $500,000 and depreciated over 39 years, we first need to calculate the annual depreciation expense.

This is done by dividing the value of the property by its useful life:

Annual Depreciation = Property Value / Useful Life

Annual Depreciation = $500,000 / 39 years ≈ $12,820.51

Now that we have the annual depreciation, we can calculate the total depreciation taken over the 11 years that the property has been depreciated:

Total Depreciation = Annual Depreciation × Number of Years

Total Depreciation = $12,820.51 × 11 years ≈ $141,025.61

Rounding this figure gives us a total depreciation of approximately $141,025. This aligns closely with the answer given, making it the correct choice.

This approach underscores the fundamental principle of straight-line depreciation used in accounting for commercial properties, where the asset's cost is spread evenly over its useful life.