A form of depreciation caused by ordinary wear and tear on the property would be considered:
A. Physical deterioration.
B. Functional obsolescence.
C. External obsolescence.
D. Economic obsolescence.
Answer: A. Physical deterioration.
Business
You might also like to view...
When a person wishes to enforce a judgment they would exercise:
a. Law suit b. Right of redemption c. Notice of completion d. Writ of execution
Business
If a manufacturer divides the organization according to the way goods are created, what type of departmentalization is being utilized?
A) Functional departmentalization B) Process departmentalization C) Customer departmentalization D) Geographic departmentalization E) Brand departmentalization
Business