Appraisal Ch 11
The difference between the reproduction cost new of a structure and it's present value is known as
Accrued depreciation
An item of depreciation that can be easily and economically replaced is considered
Curable
Deferred maintenance usually results in which of the following
Curable physical deterioration
The period in which a structure may reasonably be expected to perform the function for which it was designed or intended is it's
Economic life
Useful life is the same as
Economic life
Remaining Economic Life
Equals the economic life minus the effective age
Which type of depreciation is generally not curable?
External obsolescence
With regard to accrued depreciation, which term is generally false?
External obsolescence - curable
The difference between a building's actual layout and it's ideal layout is referred to as
Functional obsolescence
Effective age
The age indicated by a structure's condition and utility
Economic life
The period of time over which a property may be profitably used
Which of the following does not cause accrued depreciation?
accelerated depreciation
In the cost approach to value, a decrease in value as a result of deferred maintenance is referred to as
physical deterioration
