Name: Homework 7

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Instructions:  

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Question 1   Multiple Choice (1.0000 points)
  Question: Gold plumbing fixtures in a small home in a poorer neighborhood would suffer
from:
 
    curable physical depreciation
superadequacies
incurable functional obsolescence
economic obsolescence
none of the above
 

 
Question 2   Multiple Choice (1.0000 points)
  Question: In appraising, accrued depreciation is accounted for in the
 
    cost-depreciation approach
income-capitalization approach
sales-comparison approach
all of the above
none of the above
 

 
Question 3   Multiple Choice (1.0000 points)
  Question: Obsolescence of a building due to inefficient design compared with competitive
properties is termed:
 
    accrued depreciation
incurable physical deterioration
functional obsolescence
economic obsolescence
none of the above
 

 
Question 4   Multiple Choice (1.0000 points)
  Question: The cost-less-depreciation approach should not be used to appraise properties that
are more than approximately
 
    5 years old.
10 years old.
15 years old.
20 years old.
25 years old.
 

 
Question 5   Multiple Choice (1.0000 points)
  Question: What is the decreased ability of a property to provide the utility or service relative
to a new property designed for similar use?
 
    functional obsolescence
locational obsolescence
economic obsolescence
physical deterioration