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1. The building being appraised has a current reproduction cost of $350,000, an effective age of 15 years, and a remaining physical life of 40
1. The building being appraised has a current reproduction cost of $350,000, an effective age of 15 years, and a remaining physical life of 40 years. The following information on short-lived building components is also provided. Effective Age Roof Floor Cover Electrical System Current Reproduction Cost $8,000 $6,500 $9,000 Cost to Cure Curable $1,975 $1,000 $ 750 11 Years 6 Years 15 Years Total Physical Life 25 Years 10 Years 40 Years Calculate the physical deterioration (curable, incurable--long-lived, and incurable-- short-lived)
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