(3) Kinds Of Depreciation Flashcards
1
Q
Wear and tear on the improvement, or any unrepaired damages
A
Deterioration (wear and tear)
2
Q
Lack of desirability due to shortcomings when compared to other structures that are newer, more modern, and or more efficient.
A
Functional obsolences
3
Q
A loss of value due to external causes (airplane path overhead, high speed freeway, etc)
A
External obsolesces (economic obsolences)