Topic: Economic Obsolescence
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Answers to Common Questions
What is economical obsolescence?
when there is a loss of value, example houses loose value due to market condition or proper maintenance Read More »
Source: http://wiki.answers.com/Q/What_is_economical_obsolescence
What is the likely obsolescence and economic life of non grade A ...
Not financial advice; in the short term, both grade A and non grade A offices spaces in secondary pitches of Leeds city centre may reduce in value. Read More »
Source: http://www.kgbanswers.co.uk/what-is-the-likely-obsolescence-and-e...
How to prove economic obsolescence
Chart the historic decline in gross profit margins. 2. Show the decline in the number of operating plants in an industry over the last five years. 3. Show that the amount of production is declining as a percentage of capacity. 4. Compare as... Read More »
Source: http://www.aptcnet.com/articles/proving_economic_obsolescence.htm
More Common Questions
Answers to Other Common Questions
Economic obsolescence is another way of saying external obsolescence. External obsolescence, also called locational or environmental, is the loss of value created by elements on the external borders of your subject and within the neighborho...
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Source: http://www.asktheappraisers.com/realqa2.htm
A factor that reduces the value of an improvement because of something external to the property itself. A well-built and well-maintained house may suffer economic obsolescence because it is located on one acre of land in the middle of a fas...
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Source: http://financial-dictionary.thefreedictionary.com/economic+obsole...
There are three principal components to depreciation: physical deterioration, functional obsolescence and economic obsolescence. When valuing personal or real property, we all recognize deterioration (wear and tear), and obsolescence (a dec...
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Source: http://www.streamlinetax.com/practice-areas/property-tax-practice...
Economic obsolescence, more appropriately called external obsolescence, is a loss in value caused by something external to the property. External obsolescence applies to land, as well as the building, and can be quantified by employing mark...
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Source: http://www.window.state.tx.us/taxinfo/proptax/prptyapp.html
