Valuation & AppraisalCâu 99 / 120
Accrued depreciation in the cost approach represents:
a.The total loss in value from all causes since construction
b.The increase in land value over time
c.The lender's required insurance
d.The buyer's down payment
Giải thích
Accrued depreciation is the total loss in value of the improvements from physical deterioration, functional obsolescence, and external obsolescence since they were built. In the cost approach, it is subtracted from the reproduction or replacement cost. Land is valued separately and is not depreciated.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The principle of 'conformity' in appraisal suggests that a property's maximum value is generally realized when:
- Under the principle of regression, a high-value home located among lower-value homes will tend to:
- A comparative market analysis (CMA) prepared by a licensee differs from a formal appraisal because it:
- Market value, as used in appraisal, generally assumes:
- Which of the following is a form of physical deterioration in an appraisal?
- The 'gross rent multiplier' (GRM) is calculated by:
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