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1.The building being appraised has a current reproduction cost of $450,000, an effective age of 15 years, and a remaining physical life of 35 years.
1.The building being appraised has a current reproduction cost of $450,000, an effective age of 15 years, and a remaining physical life of 35 years. The following information on short-lived building components is also provided Current Reproduction Cost $11,000 S6,500 $9,000 Cost to Cure Curable $1, 975 $1,300 $1,250 Total Physical Life 30 Years 10 Years 40 Years Effective Age Roof Floor Cover Electrical System 11 Years 6 Years 15 Years Calculate the physical deterioration (curable, incurable-long-lived, and incurable- short-lived)
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