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A building will become economically undesirable long before it is physically unusable.
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Which of the following does a property owner not show as an expense?
Restoring a property to a satisfactory condition without changing the floor plan, form, or style of the building is known as ____
The elements of value do not include ____
cost and age.
When conducting an appraisal, an appraiser considers all the following except ____
the assessed value of a property.
Demand has no effect on value unless there is also ____
purchasing power which enables the ability to buy the thing in demand.
An analysis of rental income does not determine the income’s ____
suitability for reinvestment.
Compared to a property’s physical life, economic life is generally ____