Defined as a loss in value from any cause, depreciation is generally divided into three categories. The loss of value due to the normal wear and tear on a property is called
a. physical deterioration.
b. functional obsolescence.
c. external depreciation.
d. economic deterioration.
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Home » Business » Defined as a loss in value from any cause, depreciation is generally divided into three categories. The loss of value due to the normal wear and tear on a property is called a. physical deterioration. b. functional obsolescence. c.