Answer it correctly please. I will rate accordingly with multiple votes. Answer only if 100% correct and explain your answer. Thank you .

Why is property particularly subject to the issue of functional obsolescence? Select one:

a. The functions need to be approved by local authorities

b. The physical life of an asset rarely exceeds the demand for its use

c. Economic cycles may be shorter than physical life cycles

d. Statement is incorrect, property is largely unaffected by functional obsolescence