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Posted on Jul 09, 2024

In appraisal, if a property has an effective age of 15 years and its total expected economic life is 70 years, what is the percent

In appraisal, if a property has an effective age of 15 years and its total expected economic life is 70 years, what is the percent physical depreciation in the Cost Approach to value?

A. 24%
B. 31%
C. 21%
D. 33%

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