History

There are 1 version of this glossary term.

In appraising, the total loss in value caused by physical deteri­oration and functional and economic obso­lescence. In income tax calculations, the total amount of depreciation taken since the acquisition of the property.

Source: Rypkema, Donovan D. Feasibility Assessment Manual for Reusing Historic Buildings. December 29, 2015.

Revised By: Hidden Member Revised On: Apr 29, 2016 3:58 PM
Characters Edited: 0 Total: 1004