Estimated Remaining Economic Life
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(service level life, capacity life, physical life, economic life). Example (remaining life): service level/capacitylife – 3 breaks, estimated 2 years to next break (no more than 4 breaks in 5 years) Physical life – 30 years Economic life – 10 years . Fundamentals of Asset Management
Question (a)On December 31, 2017, Bramble Inc. sold computer equipment to Daniell Co. and immediately leased it back for 10. years. The sales price of the equipment was $515,900, its carrying amount is $396,200, and its estimated remaining economic life is 12 years.
Definition Remaining economic life is the estimated period of time until the improvements lose their ability to serve their intended purpose as a home. b. Basic Requirements For VA Loan Guaranty purposes, the remaining economic life of the security must be at least as long as the loan repayment term, typically 30 years.
the value of the total cash repayments paid to the Company over the remaining life of its contracts would be approximately $1.9 billion. The Company has reaffirmed its 3-year commercial targets.
The Remaining Economic Life is the estimated number of years that an improvement will continue to contribute to property value.. The remaining economic life is used in the Age-life Method of estimating depreciation.
Remaining Economic Life and Why it is Important to Lenders While the appraiser should not be too concerned with the remaining economic life, a lender considers it important when making a loan. If the loan is for 30 years and the remaining economic life is only 20 years, the lender considers the property to last ten years less than the loan amount.
8. Economic Life: 55 Years x 43.13% = 23.72 9. Effective Age Estimate: SAY 24 Years 10. Chronological Age (35) Effective Age of Comparable (24) If this process is repeated to the other Comparables, a simple range is developed and the appraiser could reasonably determine an effective age by comparison for the subject
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Manufactured Home Appraisal Report File # Freddie Mac Form 70B March 2005 Page 1 of 7 Fannie Mae Form 1004C March 2005 The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.