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;

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Economic obsolescence means a loss in value of property arising from "Outside Forces" such as changes in use, legislation that restricts or impairs property rights, or changes in supply and demand relationships.

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.

Examples of Economic obsolescence in a sentence

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

• Economic obsolescence is generally a result of building or site improvements that cause some degree of market rejection, resulting in a diminished market value of the property for its original intended use.

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

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

• Economic obsolescence exists off the property and it is out of the direct control of the property owner.

• Economic obsolescence is “the loss in value or usefulness of a property caused by factors external to the asset,” including increased costs, reduced demand, increased competition, regulation, or similar factors.7 “[E]conomic obsolescence is usually a function of outside influences that affect an entire business .

• I haven't seen a thicker book and every page is filled with the hardest maths problems in the world.

• Economic obsolescence of human capital affects the value of the human capital of workers and is caused by changes in the job or work environment.

• The determination of useful life should be developed as part of any pre-acquisition planning that would consider, inter alia, the following factors: o The program that will optimise the expected long term costs of owning that asset, o Economic obsolescence because it is too expensive to maintain, oFunctional obsolescence because it no longer meets the municipality’s needs, o Technological obsolescence, o Social obsolescence due tochanging demographics, and o Legal obsolescence due to statutory constraints.

• Economic obsolescence is caused by external factors, for example proposed construction of new highway next door.It would be easy to calculate the real costs in creating developing or improving intellectual property product, using this method.

More Definitions of Economic obsolescence

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)

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;

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.

Economic obsolescence means obsolescence caused by factors extraneous to the property.

Economic obsolescence means, with

Economic obsolescence means obsolescence caused by factors extraneous to the property. Also referred to as “economic depreciation.”