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Timothy is an appraiser measuring depreciation. How must he measure depreciation when using the life-age method? By applying a capitalization rate to an income comparison

Timothy is an appraiser measuring depreciation. How must he measure depreciation when using the life-age method? By applying a capitalization rate to an income comparison of similar properties By comparing the structure's effective age at the time it's appraised with the structure's total economic life By estimating the property's loss in value for both curable and incurable items of depreciation By using comparable properties' sales prices to figure out the value of a depreciated item

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