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Study with Quizlet and memorize flashcards containing terms like 1. All of the following might contribute to the economic obsolescence of a property EXCEPT: * A. zoning restrictions. B. highway change. C. poor architectural design. D. over supply., 2. What is the first step in the appraisal process? * A.
BOTH curable depreciation is depreciation the owner cannot afford to correct AND incurable depreciation is depreciation the owner can afford to correct are correct. incurable depreciation costs more to correct than it adds to property value.
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Jan 10, 2024 · Intrinsic Value and Subjective Value. Intrinsic Value: The inherent value of a good or service; Subjective Value: The value of a good or service based on individual preferences and perceptions; Utility. The satisfaction or benefit that individuals derive from consuming a good or service; Utility is subjective and varies from person to person
Jul 31, 2024 · Study with Quizlet and memorize flashcards containing terms like Depreciation can be: a. curable. b. incurable. c. loss in value due to any cause. d. all of the above., The market data method (comparative approach) is best used for: a. houses. b. condominiums. c.
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a theory or simplified representation that helps explain and predict economic behavior in the real world. Just the definition of economic vocabulary Learn with flashcards, games, and more — for free.
