Valuation & AppraisalCâu 66 / 120
Ordinary wear and tear, such as worn carpet and a leaking roof, is a form of:
a.Functional obsolescence
b.Economic obsolescence
c.Plottage
d.Physical deterioration
Giải thích
Physical deterioration is the loss in value from ordinary wear, tear, and age of the improvements. It may be curable, like worn carpet, or incurable if repair costs exceed the value added. It is one of the three forms of depreciation in the cost approach.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An investment property produces $60,000 in net operating income and the market capitalization rate is 8%. Using the income approach, its indicated value is:
- The value a county assessor places on property to compute property taxes is the:
- Combining two adjacent parcels to create a single, more valuable parcel is called assemblage, and the resulting increase in value is:
- The principle of anticipation holds that value is created by the expectation of:
- In the cost approach, an estimate of the cost to build an exact duplicate of the improvements using the same materials is the:
- A loss in property value caused by a new freeway built next to a residence is best classified as:
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