Property & OwnershipPregunta 104 de 120
Depreciation caused by outdated design, poor floor plan, or obsolete features within the property is called:
a.Functional obsolescence
b.Economic (external) obsolescence
c.Physical deterioration
d.Appreciation
Explicación
Functional obsolescence is a loss in value from features that are outdated or poorly designed, such as a two-bedroom house with one tiny closet. It arises from conditions within the property rather than external forces.
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