See accumulated depreciation.

the disparity between the cost of replacement and the current price of home improvements.Accrued depreciation is calculated based on the appraisal data of a property.

(referred to as cost recovery), any loss of value or usefulness. The difference between the cost of new replacement improvements and the current value of the improvements.

Any diminishment or loss of utility or value of a building from the time of initial construction to the present. Accrued depreciation is calculated as the difference between what it would cost to replace the building new and the current appraised value of the building.

A loss in value due to physical deterioration, functional obsolescence and economic or locational disadvantages.

The difference between the present worth of improvements and the reproduction or replacement cost new, both measured on the appraisal date.

From a tax standpoint, the amount of value of a property or chattel which has already accumulated (but has not been claimed) as a result of the decrease in the value of that property due to the passage of time and the use of the property or chattel.

Total loss in value from all sources. The difference between the reproduction or replacement cost of the improvements and the market value of the improvements, as of a specific date.

(1) For accounting purposes, total depreciation taken on an asset from the time of its acquisition. (2) For appraisal purposes, the difference between reproduction or replacement cost and the appraised value as of the date of appraisal.

The difference between the cost of replacement new as of the date of the appraisal and the present appraised value. The accumulated losss in value that has affected the improvements on real property Back to the Top

With regard to appraisal; it is determined by calculating the difference between the cost of replacement new as of the date of the property appraisal and the present appraised value.

The amount of depreciation accumulated over a period of time in the accounting process.

(1) The amount reserved each year in the accounting system for replacement of a building or other asset. (2) The useful life of a property at any given time.