Real Estate Appraiser Training – Education

Estimating External Obsolescence

Estimating External Obsolescence

by Philip G. Spool, ASA   My previous two articles were about estimating physical depreciation and functional obsolescence. In my article on functional obsolescence, I indicated that it is very complicated to understand and to estimate. I also discussed calculating functional obsolescence in the cost and sales comparison approaches. This article discusses… Read More

Cost Segregation Studies – Background

Events Leading to the Use of the Cost Segregation Study by Guy P. Reese, MAI and Kevin Cavasos, CMI Component depreciation in various forms was permitted by IRS for measuring depreciation until the establishment of the Modified Accelerated Cost Recovery System (MACRS) by the Tax Reform Act of 1986. Under MACRS, assets are grouped into… Read More