Economic obsolescence definition

Economic obsolescence means the loss in value from replacement cost new less physical deterioration and functional obsolescence due to the impairment in utility and desirability caused by factors external to the land on which the building or structure is located;
Sample 1Sample 2
Economic obsolescence means a loss in value of a property arising from factors such as changes in use, legislation that restricts or impairs property rights, or changes in supply and demand relationships.
Sample 1
Economic obsolescence means obsolescence caused by factors extraneous to the property. It is also referred to as external obsolescence. (2011 Real Property Assessment Manual and Guidelines Book 2, Glossary, pg. 8)
Sample 1

Examples of Economic obsolescence in a sentence

  • Economic obsolescence depreciation is defined as “obsolescence caused by factors extraneous to the property.” 50 IAC 2.2-1-24.

  • Economic obsolescence has also been factored into the depreciated replacement cost calculation.

  • Economic obsolescence is an adjustment made to reflect the loss in value or usefulness of an asset due to factors external to the asset, such as the economics of the industry, reduced demand, increased competition or similar factors.

  • Economic obsolescence, if observed, was calculated as the difference between the depreciated cost of the model and the helicopter resale market as observed today.

  • Increase in the Authorized Capital of the Company to cover losses shall not be allowed, unless otherwise provided by law.

  • Treatment of moderate/severe acute graft- -host disease after allogeneic bone marrow transplantation: an analysis of clinical risk features and outcome.

  • Economic obsolescence is the loss of value resulting from factors external to the property (for example, national economic conditions).

  • Economic obsolescence (or economic depreciation) is defined as “obsolescence caused by factors extraneous to the property.” 50 IAC 2.2-1-24.

  • Based on evaluation of the computerized rectifier system and the control methods investigated, it was concluded that CP systems for prestressed concrete structures can be effectively monitored and controlled by existing remotely operated hardware and software.

  • Economic Obsolescence: Economic obsolescence must be proved on a case-by-case basis to the Tax Assessor.


More Definitions of Economic obsolescence

Economic obsolescence means obsolescence caused by factors extraneous to the property. Also referred to as “economic depreciation.”
Sample 1
Economic obsolescence means the impairment of desirability or useful life arising from factors external to the property, such as economic forces or environmental changes which affect supply-demand relationships in the market. Loss in value due to economic obsolescence is distinguished from loss in value due to physical deterioration or func- tional obsolescence. Economic obsolescence is also referred to as locational or environmental obsolescence.
Sample 1
Economic obsolescence means, with respect to valuation for property taxation purposes, loss in value of a property caused by unfavorable economic influences or factors outside of the property; "economic obsolescence" is a loss in value in addition to a loss in value attributable to physical depreciation;
Sample 1
Economic obsolescence means obsolescence caused by factors extraneous to the property.
Sample 1
Economic obsolescence means, with
Sample 1
Economic obsolescence means, as of any date of determination, the Economic Obsolescence as shown on the most recent general ledger report of Borrower consistent with past practices delivered to Agent in accordance with this Agreement, or if not so delivered or shown thereon, as otherwise determined by Agent in its reasonable credit judgement.
Sample 1

Related to Economic obsolescence

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of One hundred Sixty-eight million dollars ($168,000,000.00).

  • Economic loss means any of the following types of pecuniary harm:

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • Net Working Capital Target means $0.00.

  • Depreciation means, for each Fiscal Year, an amount equal to the depreciation, amortization, or other cost recovery deduction allowable with respect to an asset for such Fiscal Year, except that if the Gross Asset Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such Fiscal Year, Depreciation shall be an amount which bears the same ratio to such beginning Gross Asset Value as the federal income tax depreciation, amortization, or other cost recovery deduction for such Fiscal Year bears to such beginning adjusted tax basis; provided, however, that if the adjusted basis for federal income tax purposes of an asset at the beginning of such Fiscal Year is zero, Depreciation shall be determined with reference to such beginning Gross Asset Value using any reasonable method selected by the Directors.

  • estimated consumption means the consumption that a customer, whose consumption is not measured during a specific period, is deemed to have consumed and that is estimated by taking into account factors that are considered relevant by the Municipality and which may include the consumption of municipal services by the totality of the users of a service within the area where the service is rendered by the Municipality, at the appropriate level of service, for a specific time;

  • Working Capital Target has the meaning set forth in Section 1.3(b).

  • Target Working Capital Amount means $162,000,000.

  • Target Net Working Capital Amount means $0.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Simulated Depletion means, with respect to each oil and gas property, a depletion allowance computed in accordance with federal income tax principles (as if the Simulated Basis of the property were its adjusted tax basis) and in the manner specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(k)(2). For purposes of computing Simulated Depletion with respect to any property, the Simulated Basis of such property shall be deemed to be the Carrying Value of such property, and in no event shall such allowance, in the aggregate, exceed such Simulated Basis.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Economic Value – means the value of the Company and of its shares, to be determined by a specialized company by using a recognized methodology or based on another criterion to be defined by the CVM.

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • Adjusted Property means any property the Carrying Value of which has been adjusted pursuant to Section 5.5(d).

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.