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:

Stress Hormones

Chemical substances released into the body in response to perceived threats, which prepare the body for fight or flight, including cortisol and adrenaline.

Lymphocytes

Type of white blood cells that are an integral part of the immune system, involved in protecting the body against both infectious disease and foreign invaders.

NK Cells

Immune cells part of the innate immune system, crucial for their ability to recognize and destroy cells that are stressed, infected, or cancerous without prior sensitization.

Learned Helplessness

A state of feeling completely unable to influence one's own life, generally because of a distressing event or ongoing unsuccessful endeavors.