Computer · Valuation
A decline in a property's value or utility specifically caused by wear and tear, decay, or structural damage is classified as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Market Obsolescence
- 2Economic Obsolescence
- 3Functional Obsolescence
- 4Physical Obsolescence / Depreciation✓
Correct answer
Physical Obsolescence / Depreciation
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