effective age

Definition

An appraiser's estimate of the physical condition of a building, in years.

Use effective age in a sentence

If you want to try and purchase a building you should always know what the effective age of it is.

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I wanted to know the effective age and I knew I would be able to figure it out since I was an appraiser.

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The effective age was determined by the appraiser who prepared the report the same day we requested it for the judge.

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actual age age-life depreciation