Physical depreciation definition

Physical depreciation means a value as determined according to standard business practices.
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Physical depreciation means a value as deter- mined according to standard business practices.
Sample 1Sample 2Sample 3
Physical depreciation means the physical deterioration as evidenced by wear and tear, decay or depletion of the property.
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Examples of Physical depreciation in a sentence

  • Physical depreciation and obsolescence has been determined based on professional judgement regarding physical, economic and external obsolescence factors relevant to the asset under consideration.

  • Physical depreciation is a value determined by standard business practice.

  • Physical depreciation must be determined by estimating the effective age of each property.

  • Physical depreciation and obsolescence ‐ assets that do not transact with enough frequency or transparency to develop objective opinions of value from observable market evidence that have been measured using the depreciated replacement cost approach.

  • Physical depreciation was determined proportionally to the age of the property, plant and equipment item.

  • Id. Physical depreciation is a loss in value caused by building materials wearing out over time.

  • The indices were obtained from recognised sources such as: Chinese indices (Rider Levett Buckhall), FM Global, BMT Construction costs, Bureau of Labor Statistics of the Department of Labor, AUS Consultants, etc.; • Physical depreciation was applied using straight line method based on the economic useful life of production, auxiliary, administrative facilities, land improvements, transfer devices; • There was no any functional obsolescence revealed.

  • Physical depreciation for residential dwellings is determined by the combination of age, condition, and neighborhood desirability.

  • Physical depreciation and obsolescence has been determined based on the term of the associated lease.

  • Physical depreciation is evidenced by wear and tear, decay, dry rot, cracks or structural defects.


More Definitions of Physical depreciation

Physical depreciation means a value as determined according to standard business prac- tices.
Sample 1

Related to Physical depreciation

  • 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.

  • Total Assets means the total consolidated assets of the Company and its Restricted Subsidiaries, as shown on the most recent balance sheet of the Company.