Limitations on the useful life of a depreciable asset resulting from use and from exposure to the elements.
Loss in value due to physical wear and tear. (See section on depreciation elsewhere in this study manual.)
A reduction in a propertyâ€(tm)s value due to a decline in its physical condition.
Loss in value (depreciation) resulting from wear and tear, deferred maintenance, etc.
loss in value due to wear and tear and the forces of nature.
A reduction in a property's value resulting from a decline in physical condition; can be caused by action of the elements or by ordinary wear and tear.
The loss of value to real property from all causes due to the action of the elements and old age. Physical deterioration can be either curable or incurable.
With regard to appraisal; it is a loss in value to real property, within the property lines, caused by wear and tear, disintegration, use, or actions of the elements.