Property Valuation
An 'economic life' of a Wisconsin building refers to:
AThe physical lifespan of the structure
BThe period during which the building generates income or provides value above the land value alone✓ Correct
CThe time period for the mortgage
DThe period covered by the homeowner's warranty
Explanation
Economic life is the period during which the improvements contribute positively to the property's value — once improvements no longer add value over the land, the economic life has ended.
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