The age-life method expresses depreciation as:

In a cost approach for a proposed building, the appropriate cost basis is generally:

A warehouse cost $210,000 to build when the cost index stood at 105. The index is now 210. Its indicated current cost is:

Market extraction of depreciation is limited by the fact that it:

Functional obsolescence caused by a deficiency is measured as curable when:

Curable physical deterioration is measured at cost to cure because:

A 2,050 sq ft dwelling is priced at $178 per square foot with a $34,000 detached garage and $21,500 of site improvements. Cost new is:

A house has three bedrooms sharing one bathroom, and adding a second bath is economically justified. This is:

Direct costs in a construction budget include:

An appraiser writes that a 40-year-old house has an effective age of 10 but describes original wiring, original kitchen and a 25-year-old roof. The report's problem is:

A 45-year-old office building has undergone extensive system upgrades (HVAC, electrical, fire suppression) and interior modernization, resulting in strong tenant demand and rental rates exceeding those of newer buildings in the area. The appraiser estimates its total economic life at 65 years. Which statement best reflects the likely relationship among its chronological age, effective age, and remaining economic life?