Based on the useful life and the appraised age of the house, the effective age is 3 years.
What is the effective age?
- It is the age of a structure based on its physical condition and upkeep.
- It is found by subtracting the remaining economic life from the economic life of the structure.
As a result of the physical condition and upkeep of the property, the appraiser estimates it to be equivalent to a 3 year old home. This is therefore the effective age.
Find out more on appraisals at https://brainly.com/question/15032807.
