A loss in value because of a poor floor plan is an example of:

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Functional obsolescence refers to a loss in value due to an outdated or poor design or layout that doesn't meet the needs or preferences of modern buyers or tenants. Physical deterioration refers to wear and tear over time, while accrual for depreciation is a method of accounting for the decrease in value of an asset. Economic obsolescence, on the other hand, refers to external factors such as changes in the surrounding area or zoning laws that negatively affect the property value.

A Loss in Value Because of a Poor Floor Plan