Economic obsolescence definition

Economic obsolescence means the loss in value from replacement cost new less physical deterioration and functional obsolescence due to the impairment in utility and desirability caused by factors external to the land on which the building or structure is located;
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Economic obsolescence means a loss in value of a property arising from factors such as changes in use, legislation that restricts or impairs property rights, or changes in supply and demand relationships.
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Economic obsolescence means obsolescence caused by factors extraneous to the property. It is also referred to as external obsolescence. (2011 Real Property Assessment Manual and Guidelines Book 2, Glossary, pg. 8)
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Examples of Economic obsolescence in a sentence

  • Economic obsolescence depreciation is defined as “obsolescence caused by factors extraneous to the property.” 50 IAC 2.2-1-24.

  • Economic obsolescence has also been factored into the depreciated replacement cost calculation.

  • Economic obsolescence is an adjustment made to reflect the loss in value or usefulness of an asset due to factors external to the asset, such as the economics of the industry, reduced demand, increased competition or similar factors.

  • Economic obsolescence, if observed, was calculated as the difference between the depreciated cost of the model and the helicopter resale market as observed today.

  • Increase in the Authorized Capital of the Company to cover losses shall not be allowed, unless otherwise provided by law.

  • Treatment of moderate/severe acute graft- -host disease after allogeneic bone marrow transplantation: an analysis of clinical risk features and outcome.

  • Economic obsolescence is the loss of value resulting from factors external to the property (for example, national economic conditions).

  • Economic obsolescence (or economic depreciation) is defined as “obsolescence caused by factors extraneous to the property.” 50 IAC 2.2-1-24.

  • Based on evaluation of the computerized rectifier system and the control methods investigated, it was concluded that CP systems for prestressed concrete structures can be effectively monitored and controlled by existing remotely operated hardware and software.

  • Economic Obsolescence: Economic obsolescence must be proved on a case-by-case basis to the Tax Assessor.


More Definitions of Economic obsolescence

Economic obsolescence means obsolescence caused by factors extraneous to the property. Also referred to as “economic depreciation.”
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Economic obsolescence means the impairment of desirability or useful life arising from factors external to the property, such as economic forces or environmental changes which affect supply-demand relationships in the market. Loss in value due to economic obsolescence is distinguished from loss in value due to physical deterioration or func- tional obsolescence. Economic obsolescence is also referred to as locational or environmental obsolescence.
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Economic obsolescence means, with respect to valuation for property taxation purposes, loss in value of a property caused by unfavorable economic influences or factors outside of the property; "economic obsolescence" is a loss in value in addition to a loss in value attributable to physical depreciation;
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Economic obsolescence means obsolescence caused by factors extraneous to the property.
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Economic obsolescence means, with
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Economic obsolescence means, as of any date of determination, the Economic Obsolescence as shown on the most recent general ledger report of Borrower consistent with past practices delivered to Agent in accordance with this Agreement, or if not so delivered or shown thereon, as otherwise determined by Agent in its reasonable credit judgement.
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Related to Economic obsolescence

  • Net Working Capital Target means $2,000,000.

  • Depreciation means, for each fiscal year, an amount equal to the federal income tax depreciation, amortization, or other cost recovery deduction allowable with respect to an asset for such year, except that if the Carrying Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such year or other period, Depreciation shall be an amount which bears the same ratio to such beginning Carrying Value as the federal income tax depreciation, amortization, or other cost recovery deduction for such year bears to such beginning adjusted tax basis; provided, however, that if the federal income tax depreciation, amortization, or other cost recovery deduction for such year is zero, Depreciation shall be determined with reference to such beginning Carrying Value using any reasonable method selected by the General Partner.

  • Working Capital Target means $0.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.