ValuationDepreciationEASY
What type of depreciation is the most challenging to correct?
Correct Answer
C) Physical.
External (economic) obsolescence is hardest to correct as it's caused by factors outside the property.
Answer Options
A
Functional.B
Economic obsolescence.C
Physical.D
Wear and tear.Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
property-appraisal-methodscost-approach-valuationreal-estate-investment-analysis
Key Terms:
external obsolescenceeconomic obsolescenceincurable depreciationcost approachappraisal depreciation
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