Property Valuation (alternative)
Accrued depreciation in an appraisal refers to:
AFuture depreciation expected over the property's useful life
BTotal depreciation from all causes as of the date of appraisal✓ Correct
CDepreciation from physical deterioration only
DThe tax depreciation schedule used for IRS purposes
Explanation
Accrued depreciation is the total loss in value from all causes (physical deterioration, functional obsolescence, external obsolescence) as measured from when the improvement was new to the date of appraisal.
Related Maryland Property Valuation (alternative) Questions
- An adjustment for a superior feature in a comparable sale when using the sales comparison approach means the appraiser will:
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