__________ gives the property owner an allowance for the decline in the physical condition of real estate over time.

Name: __________ gives the property owner an allowance for the decline in the physical condition of real estate over time.
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Question

__________ gives the property owner an allowance for the decline in the physical condition of real estate over time. ​

Quizplus · Accepted Answer

Depreciation is the allowance given to property owners for the decrease in the value of their property over time due to wear and tear or obsolescence. It is a non-cash expense that is deducted from the property's income for taxation purposes.

__________ Gives the Property Owner an Allowance for the Decline