ValuationDepreciationMEDIUM
External obsolescence in Nebraska:
Correct Answer
B) A nearby confined animal feeding operation (CAFO) reducing residential values
In agricultural Nebraska, proximity to large-scale livestock operations (CAFOs) can reduce nearby residential property values due to odor and environmental concerns — a form of external obsolescence.
Answer Options
A
Worn floorB
A nearby confined animal feeding operation (CAFO) reducing residential valuesC
Old kitchenD
Leaking pipeWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
CAFO regulations in NebraskaThree types of depreciationIncurable vs. curable depreciationCost approach to valueExternal obsolescenceNebraska agricultural land use
Key Terms:
CAFOexternal obsolescenceincurableNebraskadepreciationphysical deteriorationfunctional obsolescencecost approachlivestock operation
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