Property Valuation
In South Dakota, 'physical life' of a building differs from 'economic life' because physical life:
AIs always shorter than economic life
BIs the total time a structure can physically stand, while economic life is the period of profitable use✓ Correct
CRelates only to residential properties
DIs the same concept described with different terminology
Explanation
Physical life is how long the structure can actually stand (may be 100+ years with good maintenance). Economic life is the period during which the building contributes positively to property value — often shorter.
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