Effective age definition
Effective age means the difference between the estimated useful life and remaining useful life.
Effective age means the age of property that is based on the amount of observed deterioration and obsolescence it has sustained, which may be different from its chronological age. It is the age indicated by the condition and utility of a structure and is based on an appraiser’s judgment and interpretation of market perceptions. The maintenance standards of owners or occupants can influence the pace of building depreciation. If one building is better maintained than other buildings in its market area, the effective age of that building may be less than its Actual Age. If a building is poorly maintained, its effective age may be greater than its Actual Age. If a building has received typical maintenance, its effective age and Actual Age may be the same.
Effective age means the difference between the useful life
Examples of Effective age in a sentence
Effective, age appropriate discipline and expectations; 11 effective use of praise to promote positive behavior.
More Definitions of Effective age
Effective age means the difference between the estimated
Effective age means the age of property that is based on the amount of observed deterioration and obsolescence it has sustained, which may be different from its chronological age. It is the age indicated
Effective age means the age of property that is based on the amount of observed deterioration and obsolescence it has sustained, which may be different from its chronological age. It is the age indicated by the condition and utility of a structure and is based on an appraiser’s judgment and interpretation of market perceptions. The maintenance standards of owners or occupants can influence the pace of building
Effective age means a facility’s building chronological age reduced by allowable projects for improvements to land, building and fixed equipment. A facility’s effective age will be calculated annually based upon improvements made during the cost report period.
Effective age means a facility's building chronological age reduced by allowable projects for improvements to land, building, and fixed equipment. A facility's effective age must be calculated annually based upon improvements made during the cost report period.
Effective age means the difference between useful
Effective age means the number of years determined by: