Property Valuation
The effective age of a building refers to:
AThe year the building was constructed
BThe age suggested by the building's condition and utility, which may differ from its actual age✓ Correct
CThe remaining economic life of the building
DThe age of the building as recorded in county records
Explanation
Effective age is the apparent age of a building based on its condition, upkeep, and functional utility. A well-maintained older building may have an effective age less than its actual age; a neglected newer building may appear older than its actual age.
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