Methods for Estimating Property Depreciation


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question 1 of 3

The method of depreciating real property annually in equal amounts over a predetermined life span is called _____.

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1. If a four-bedroom home only has one bathroom, this feature would probably lower its value because of _____.

2. What is the total depreciation of a building from all causes?

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About This Quiz & Worksheet

Use these questions to see what you know and get immediate feedback on the results. This quiz and worksheet test you on terms and laws related to property depreciation.

Quiz & Worksheet Goals

You'll review these areas:

  • Methods of depreciating real property
  • Categories of depreciation from different causes
  • Tax laws related to depreciation
  • What factors might cause depreciation
  • External obsolescence classification reasoning

Skills Practiced

Practice the following skills:

  • Defining key concepts - ensure that you can accurately define main phrases, such as external obsolescence
  • Critical thinking - apply relevant concepts to examine information about tax laws in a different light
  • Knowledge application - use your knowledge to answer questions about property depreciation

Additional Learning

You can review topics covered in these questions to learn more more with the lesson Methods for Estimating Property Depreciation. These topics are covered:

  • Definition and explanation of depreciation
  • Four different types of depreciation
  • How to calculate depreciation