Valuation & AppraisalCâu 101 / 120
Which of the following is a form of physical deterioration in an appraisal?
a.An outdated one-car garage in a two-car neighborhood
b.A newly built freeway causing noise nearby
c.A worn roof and peeling paint due to age and wear
d.A declining local job market
Giải thích
Physical deterioration is a loss in value from wear, tear, age, and the action of the elements, such as a worn roof or peeling paint. It can be curable or incurable depending on cost. Functional and external obsolescence are the other two categories of depreciation.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A comparative market analysis (CMA) prepared by a licensee differs from a formal appraisal because it:
- Accrued depreciation in the cost approach represents:
- Market value, as used in appraisal, generally assumes:
- The 'gross rent multiplier' (GRM) is calculated by:
- An appraiser reconciling the results of the three approaches to value will:
- Which factor would most likely cause economic (external) obsolescence?
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