(3) Kinds Of Depreciation

Question 1

Wear and tear on the improvement, or any unrepaired damages

Answer 1

Deterioration (wear and tear)

Question 2

Lack of desirability due to shortcomings when compared to other structures that are newer, more modern, and or more efficient.

Answer 2

Functional obsolences

Question 3

A loss of value due to external causes (airplane path overhead, high speed freeway, etc)

Answer 3

External obsolesces (economic obsolences)