A decline in value due to factors outside the property itself is called:
A) physical depreciation.
B) functional depreciation.
C) IRS code depreciation.
D) external depreciation.
Correct Answer:
Verified
Q6: The principle of value that states that
Q7: The value that the end user places
Q8: In understanding the forces that shape value,
Q9: Appraisers provide which of the following services?
A)
Q10: The major weakness of the cost approach
Q12: As the capitalization rate goes up, the
Q13: In making an appraisal, the appraiser uses
Q14: The method of determining a capitalization rate
Q15: The principle of highest and best use
Q16: Define market value and market price.
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