If you own property that is assessed by the cost approach, you likely found out that the only obsolescence deducted was physical depreciation. Yet, it is fundamental that to reach market value by the ...

IMGCAP(1)]The determination of fair value of machinery and equipment assets for financial reporting purposes should include the consideration of three forms of depreciation: physical, economic and ...

In a case of first impression in Michigan, the federal Court of Appeals determined last month that general market conditions could not be considered when calculating actual cash value. In Whitehouse ...

My husband works at a bank, which I find ironic. Before we married, Bob informed me that I would be in charge of the finances; he hated dealing with ledgers and money. Our early years were a struggle.

The First Appellate District reversed a judgment and remanded. The court held that the San Francisco Assessment Appeals Board erred in deducting from the assessed value of the Oracle Park baseball ...

New year, new technology. The reality is, it does not always take a new year to observe the evolution of technology. We are witness to constant advancements in technology, whether it’s ...

Question: The home I’m buying is in a desirable neighborhood, but it was built in 1980 and seems old. I’m concerned about functional obsolescence, noncompliance with newer codes and what it might cost ...

CHARLOTTE, N.C. — Bank of America Stadium is in "average condition," has "functional obsolescence" and "does not easily accommodate non-football events," according to arguments made by people ...