IMA Learning Centre

After the determination of replacement or reproduction cost new of the property improvements all forms of depreciation and obsolescence are deducted. One of the more difficult forms to account for is external/economic obsolescence. In this webinar the panelist will highlight the differences between various types of depreciation with detailed focus on external/economic obsolescence. The audience will gain an understanding of the factors causing external/economic obsolescence and the primary methods used to quantify obsolescence. The panelist will also look at the feasibility of determining functional obsolescence in a mass appraisal environment.