🧠 Question of the Day #21 What type of depreciation is caused by external factors affecting the property? Is it: A. The sales comparison (market data) approach B. Functional obsolescence C. Economic obsolescence D. Economic life What’s your answer? 👇 The correct answer is C - Economic Obsolescence. Economic obsolescence occurs when something outside the property causes a loss in value. Think about things like: • A highway built next to the property • A factory or prison nearby • Economic decli
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🧠 Question of the Day #21 What type of depreciation is caused by exter…
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