The floor in the kitchen has a slight slope. The cost to fix it is estimated to be $20,000 and the value a level floor will add to the $350,000 home is projected to be $10,000. This is an example of:
A) curable depreciation
B) incurable depreciation
C) functional obsolescence
D) two of the above are correct
Correct Answer:
Verified
Q30: Which of the following is not an
Q31: The type of appraisal report required by
Q32: Real estate appraisers are needed to:
A) determine
Q33: Real estate loan payments and income tax
Q34: Accrued depreciation is used in what appraisal
Q35: You are appraising Home X in an
Q37: In evaluating a house that has an
Q38: The principle that states that land should
Q39: Capitalization is a process of:
A) establishing the
Q40: All things being equal, the higher the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents