Suppose That an Appraiser Has Come to the Following Conclusions

question 28

Multiple Choice

Suppose that an appraiser has come to the following conclusions in evaluating the subject property. Due to the dramatic shift in the perceived safety of the neighborhood, values of any residential properties in the area of the subject property have fallen by $10,000, on average. Due to the subject property's age, physical deterioration to the building accounts for an estimate of $50,000 in lost value. An evaluation of the floor plan reveals that it is quite obsolete relative to current homebuyer preferences. This has a detrimental effect on the value of the property that is estimated to be approximately $15,000. Based on your understanding of adjustments related to accrued depreciation, which of the following pertains to the adjustment for external obsolescence?

• A) $10,000
• B) $15,000
• C) $50,000
• D) $75,000

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Definitions:

Brain Damage

Injury to the brain that can result in impairments or disabilities in cognitive function, physical abilities, or emotional behavior.

Oval Window

A membrane-covered opening that leads from the middle ear to the cochlea of the inner ear, transmitting sound vibrations.

Auditory Canal

The tube that runs from the outer ear to the middle ear, which sound waves travel through to reach the eardrum.

Eardrum

A thin membrane that separates the outer ear from the middle ear and vibrates in response to sound waves, facilitating hearing.