Property Valuation
A NH appraiser who notes that an older industrial building has outdated loading dock heights that no longer accommodate modern trucks is identifying:
APhysical deterioration
BFunctional obsolescence (a superadequacy or deficiency in the structure's functional design)✓ Correct
CExternal obsolescence
DNormal physical wear
Explanation
Outdated loading dock heights that prevent modern use represent functional obsolescence — the structure's design no longer meets current functional requirements, reducing its utility and value.
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