(3) Kinds Of Depreciation Flashcards

1
Q

Wear and tear on the improvement, or any unrepaired damages

A

Deterioration (wear and tear)

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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

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3
Q

A loss of value due to external causes (airplane path overhead, high speed freeway, etc)

A

External obsolesces (economic obsolences)

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