13-37Physical and Functional Obsolescence May Be Curable in Estimating Depreciation

question 38

Multiple Choice

13-37.Physical and functional obsolescence may be curable in estimating depreciation when:

• A) the value of land is estimated as if it were vacant
• B) cost to remedy the obsolescence is not greater than the value added by the repairs
• C) the economic obsolescence is external to the property
• D) there is a professional appraisal

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Definitions:

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.

History Effects

Events that occur outside the experiment which may affect participants' responses within the experiment.

Measurement Period

The specific duration or time frame during which data is collected or observations are made in a study.

Manipulation

The process of deliberately altering variables in an experimental setting to observe the effects on dependent variables.