What is functional obsolescence and external obsolescence? Why are they called obsolescence? After all, physical depreciation is considered deterioration instead of obsolescence, so why isn’t it called physical obsolescence? Finally, what’s curable vs. incurable obsolescence and how does an appraiser ascertain if something is curable or incurable?
Listen in as Bryan examines these items to answer a practicing appraiser’s question.
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appraiserelearning.com
