PA Certified Evaluator
, Depreciation - correct answerloss in value from cost new from all causes for property having a limited economic life.
(a) Loss due to wear and tear
(b) Presence of features that are deficient
(c) Excessive, currently undesirable
(d) External factors causing loss in value
Accrued Depreciation - correct answerthe total depreciation from all causes taken on an asset from the time of
purchase to the present
External Obsolescence - correct answerloss in value as a result of impairment in utility and desirability caused
by factors external to the property
USPAP - correct answerUniform Standards of Professional Appraisal Practice
Intangible Property - correct answernonphysical assets, including but not limited to franchises, trademarks,
patents, copyrights. (something we can't see)
Market Value - correct answerA type of value, stated as an opinion, that presumes the transfer of a property.
Ethics Rule: - correct answerAn appraiser must promote and preserve the public trust inherent in appraisal
practice by observing the highest standards of professional ethics.
An appraiser must: - correct answerperform assignments with impartiality, objectivity, and independence, and
without accommodation of personal interests.
, Depreciation - correct answerloss in value from cost new from all causes for property having a limited economic life.
(a) Loss due to wear and tear
(b) Presence of features that are deficient
(c) Excessive, currently undesirable
(d) External factors causing loss in value
Accrued Depreciation - correct answerthe total depreciation from all causes taken on an asset from the time of
purchase to the present
External Obsolescence - correct answerloss in value as a result of impairment in utility and desirability caused
by factors external to the property
USPAP - correct answerUniform Standards of Professional Appraisal Practice
Intangible Property - correct answernonphysical assets, including but not limited to franchises, trademarks,
patents, copyrights. (something we can't see)
Market Value - correct answerA type of value, stated as an opinion, that presumes the transfer of a property.
Ethics Rule: - correct answerAn appraiser must promote and preserve the public trust inherent in appraisal
practice by observing the highest standards of professional ethics.
An appraiser must: - correct answerperform assignments with impartiality, objectivity, and independence, and
without accommodation of personal interests.
