Property Valuation
An Alaskan appraiser estimates that a property suffers from $15,000 in physical depreciation, $8,000 in functional obsolescence, and $5,000 in external obsolescence. Total depreciation is:
A$15,000
B$23,000
C$28,000✓ Correct
D$30,000
Explanation
Total depreciation = Physical + Functional + External. $15,000 + $8,000 + $5,000 = $28,000. Using the values given ($15,000, $8,000), apply the appropriate formula.. The correct answer is $28,000.. This is a common calculation on the Alaska real estate exam.
Related Alaska Property Valuation Questions
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