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Exam term

Remaining economic life

The part of a building's economic life still ahead of it. Effective age plus remaining economic life equals total economic life.

Lessons that use this term

  • Accrued depreciation: physical deterioration and functional and external obsolescence California
  • The cost approach: reproduction and replacement cost and depreciation Texas

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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