Exam (elaborations)
REE 4103 Final Review CH. 29 Questions with 100% correct answers | verified | latest update 2024
REE 4103 Final Review CH. 29 Questions with 100% correct answers | verified | latest update 2024
[Show more]
Content preview
REE 4103 Final Review CH. 29The 3 Methods Used to Estimate Depreciation are: - ANS-1) Market Extraction Method
2) Economic Age-Life Method
3) Breakdown Method
Short-Lived Item - ANS-A building component with an expected remaining economic life
that is shorter than the remaining economic life of the entire structure.
Long-Lived Item - ANS-A building component with an expected remaining economic life
that is the same as the remaining economic life of the entire structure.
In estimating the total depreciation of an improvement, the concepts most important to
market extraction are: - ANS-- Actual age
- Total Depreciation
- Annual rate of depreciation
- The implied total economic life that can be estimated
In estimating the total depreciation of an improvement, the concepts most important to
the economic age-life method are: - ANS-- Total economic life
- Effective age
- Remaining economic life
Economic Life - ANS-The period over which improvements to real property contribute to
property value.
Useful Life - ANS-The period of time over which a structure or a component of a
property may reasonably be expected to perform the function for which it was designed.
Actual Age ("Historical Age") - ANS-Is the number of years that have elapsed since
building construction was completed.
Effective Age - ANS-Is the age indicated by the condition and the utility of a structure;
based on the appraiser's judgement and interpretation of market perceptions.
Physical Considerations - ANS-The rate at which the physical components of an
improvement wear out.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AnswersCOM. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.54. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67163 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now
