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Pop Quiz Question of The Week

The topic of today's question of the week is from appraisals.

An appraiser deducts depreciation from the reproduction or replacement cost of the building, which represents

  1. the remaining useful economic life of the building.

  2. remodeling costs to increase rentals.

  3. loss of value due to any cause.

  4. costs to modernize the building.

Answer: 3

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