IMPOETANT: No plagarism. This is supposed to be written n your own words. Please follow the instructions carefully. Depreciation of real property is categorized according to the cause of the decrease in value, and also according to whether the decrease can be remedied. The three causes of depreciation are:
1. physical deterioration;
2. functional obsolescence; and
3. external (economic) obsolescence. ASSIGNMENT: 1) Explain, in your own words, the three types of depreciation and the effect upon property value.
2) provide a photo example, from the internet, of each type of depreciation. 3) explain if the example provided is ‘curable, or incurable’. See the rubric ATTACHED for point criteria.