California Real Estate Practice Exam

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Accrued depreciation is the dollar amount of what?

  1. Physical deterioration only

  2. Functional obsolescence only

  3. External obsolescence only

  4. Physical deterioration, functional obsolescence, and external obsolescence

The correct answer is: Physical deterioration, functional obsolescence, and external obsolescence

Accrued depreciation refers to the dollar amount that accounts for all three types of depreciation - physical deterioration, functional obsolescence, and external obsolescence. This means that options A, B, and C are all incorrect, as they only account for one type of depreciation each. Option A only refers to physical deterioration, option B only refers to functional obsolescence, and option C only refers to external obsolescence. Therefore, the correct answer is option D as it covers all three types of depreciation.

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