D – Compendium of Real Estate Terms & Concepts

A professional opinion of the appropriately defined value, expressed in terms of currency to be realised by the sale of assets, in which the opinion is generated from lists and/or other informational materials supplied to the Appraiser and....

Depreciation is defined as the monetary value of an asset decreases over time due to use, wear and tear or obsolescence. It can also be described as a non-cash expense that reduces the value of an asset as a result of wear and tear, age, or obsolescence. Describing depreciation as…

Depreciated Replacement Cost (DRC) is the amount of money to replace the item(s) under consideration, having the like or equivalent utility and less any physical depreciation. It is a method of valuation that is based on an estimate of: