Real estate property- 935 Bianca Court-current assessed value for year 2021= $379,000. The actual age of the

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Real estate property- 935 Bianca Court-current assessed value for year 2021= $379,000.

The actual age of the property is 11 years. it was built in 2010.

Calculate market deriving economic life and calculate remaining economic life.

The easiest and best support is an analysis of demolitions. Effective age must be a reasoned estimate.

The more it deviates from actual age the more reasoning that is required

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Business Law Today The Essentials

ISBN: 978-0324786156

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Authors: Roger LeRoy Miller, Gaylord A. Jentz

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Posted Date: Jan 13, 2022 01:36 AM

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Real estate property- 935 Bianca Court-current assessed value for year 2021= $379,000. The actual age of the

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Answer The market derived economic life of the property is 20 years The remaining economic life of the property is 9 years The reasoning for this is t... View the full answer

Business Law Today The Essentials

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