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