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Property Depreciation: Definition, Importance & Types

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is an example of curable obsolescence?

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1. Which of the following is the most likely example of functional obsolescence?

2. Fading paint is an example of what kind of obsolescence?

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About This Quiz & Worksheet

Property depreciation is an important facet of the real estate industry, and these study guides will help analyze your comprehension of property depreciation and how it applies to real estate. Quiz questions will focus on different examples of depreciation.

Quiz & Worksheet Goals

This pair of assessments will quiz you on the following:

  • Curable and functional obsolescence
  • Examples of obsolescence and depreciation
  • What depreciation references

Skills Practiced

  • Reading comprehension - ascertain if you retained key concepts from the related property depreciation lesson
  • Information recall - access the knowledge you've gained regarding the different types of property depreciation
  • Knowledge application - employ your knowledge to answer questions about the definition of depreciation

Additional Learning

If you want to find out more about property depreciation, review the corresponding lesson titled Property Depreciation: Definition, Importance & Types. The lesson will go over the following key topics:

  • General definition of depreciation and how it applies to property
  • The four kinds of property depreciation
  • Curable vs. incurable obsolescence
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