Property Valuation
An appraiser determines that a Florida property has an economic life of 40 years, was built 8 years ago, and has no deferred maintenance. Using straight-line depreciation, what percentage of the cost represents accrued depreciation?
A15%
B20%✓ Correct
C25%
D32%
Explanation
Straight-line depreciation = Effective age ÷ Economic life = 8 ÷ 40 = 0.20 = 20%.
Related Florida Property Valuation Questions
- A Florida appraiser performing an appraisal for estate tax purposes uses which value standard?
- When an appraiser reconciles the three approaches to value, they assign weight to each approach based on:
- The 'principle of progression' in real estate means that:
- An 'absentee owner' discount in property valuation refers to:
- In a Florida appraisal, 'accrued depreciation' is defined as:
- If a Florida appraiser notes that a property is in a neighborhood experiencing 'increasing' market conditions, this affects the sales comparison approach by:
- A Florida commercial property appraiser uses the 'band of investment' technique to determine the overall capitalization rate. This technique:
- A Florida appraiser determines that a neighborhood's land values have been declining because of high vacancy rates. This condition is known as:
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →