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What is Understanding Property Depreciation Factors about?

Depreciation arises from two main sources: physical deterioration and obsolescence. Physical deterioration refers to the normal wear and tear of buildings over time from use and aging. Obsolescence is a decline in usefulness due to factors like changes in design preferences, technology, or economic conditions that make buildings less desirable. Depreciation can be further broken down into specific factors related to properties like building design, services, and site accessibility, as well as more systemati

Author

Lee Tai

Language

EN