The time period during which a building produces income that can be attributed to the building itself is known as:
a. physical life.
b. actual age.
c. economic life.
d. effective age.
Answer: c. economic life.
Business
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Indicate whether the statement is true or false
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Mortgage bankers originate mortgage loans, sell them to banks, pension funds, and insurance companies, and service or collect all the monthly mortgage payments
Indicate whether this statement is true or false.
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