Property Valuation
An appraiser estimates that a NH home's 20-year-old roof has a remaining useful life of 10 years out of its 30-year total life. The effective age-life depreciation rate is:
A33%
B50%
C67%✓ Correct
D20%
Explanation
Effective age / Total economic life = 20 / 30 = 0.667 = 66.7%, approximately 67%. This means the roof has depreciated by approximately 67% of its total value based on age/life.
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