We got back the appraisal on our house. It was built in 1950 so is 59 years ancient. On the section "COST APPROACH TO VALUE" it reads the below:
"Physical depreciation calculated utilizing the economic age-life method. Land
to value ratio is typical for the area. Remaining Economic Life: The difference
between the effective age and the economic [...]
Articles tagged with: life basis
Written By: admin on November 18, 2009
One Comment
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