Reference no: EM133087321

Depreciation of real property is categorized according to the causewhether the decrease can be remedied. of the decrease in value, and also according to

The three causes of depreciation are:

1. physical deterioration;

2. functional obsolescence; and

3. external (economic) obsolescence.

ASSIGNMENT:

1) Explain, in your own words, the three types of depreciation and the effect upon property value.

2) Provide a photo example, from the internet, of each type of depreciation.

3) Explain if the example provided is 'curable, or incurable'.