The loss in value from all causes within a property except those due to physical deterioration is
Question:
The loss in value from all causes within a property except those due to physical deterioration is known as which of the following?
A. Functional obsolescence
B. Obsolescence
C. True obsolescence
D. Deterioration
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B Obsolescence Obsolescence refers to the process of falling into disu...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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