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Economic Life |
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Economic Life |
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The Economic Life is the total number of years that an improvement contributes to value.
| • | Economic life is equal to the Effective Age plus Remaining Economic Life. |
| • | Economic life may be shorter than physical life but never longer. |
| • | The economic life of a residential property is almost always the same as the physical life. |
Related Topics:
Page url: http://www.georgiaappraiser.com/db/glossary/index.html?economiclife.htm
