physical deterioration

What Are The Two Types Of Physical Deterioration In Real Estate?

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What Are The Two Types Of Physical Deterioration In Real Estate? Physical deterioration and functional obsolescence are further divided into two-sub categories: curable and incurable depreciation. What are the physical deterioration? Physical deterioration is the loss in the physical efficiency of an asset as it ages. Efficiency in this context refers to the asset’s ability

How Do You Calculate Total Economic Life?

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How Do You Calculate Total Economic Life? Economic Life – Effective Age = Remaining Economic Life. These relationships become useful when we understand that Economic Life is a specification in the same cost data that we use to calculate current replacement cost. Examples: In the cost data we license, a Q4 house has an Economic