Among the Most Important Demand Side Factors Explaining Homes Prices

question 69

Multiple Choice

Among the most important demand side factors explaining homes prices would be the age of

• A)the home.
• B)the homebuyer's car.
• C)Supreme Court justices.
• D)consent.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset since it was put into service.

Straight-line Method

An accounting method for calculating depreciation by evenly distributing the cost of an asset over its useful life.

Residual Value

The estimated remaining value of an asset at the end of its useful life.

Salvage Value

The anticipated end-of-life value of an asset once it has finished its useful period.