Material Degradation

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January 1, 1 6 min read Definitions
Normal Wear and Tear Physical Depreciation
Normal Wear and Tear Physical Depreciation Property Value Appraisal Aging Material Degradation Obsolescence Real Estate
Normal wear and tear physical depreciation refers to the gradual loss of a property's value due to usage and aging, which includes minor damages, material degradation, and obsolescence occurring under normal usage conditions.
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