Property Valuation
Functional obsolescence as a form of depreciation might be best illustrated by:
AA cracked foundation
BA property located next to a noisy highway
CA four-bedroom home with only one bathroom✓ Correct
DPeeling exterior paint
Explanation
Functional obsolescence is a loss in value due to deficiencies or superadequacies within the property itself that make it less desirable, such as a floor plan that is outdated or inadequate for current market standards (e.g., too few bathrooms).
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