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A structure was built five years ago. Because of exceptional upkeep, the appraiser estimates the structure's condition today to be equivalent to a three-year-old home. The appraiser estimates that the structure will have a useful life of 60 years. What is this structure's effective age

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Based on the useful life and the appraised age of the house, the effective age is 3 years.

What is the effective age?

  • It is the age of a structure based on its physical condition and upkeep.
  • It is found by subtracting the remaining economic life from the economic life of the structure.

As a result of the physical condition and upkeep of the property, the appraiser estimates it to be equivalent to a 3 year old home. This is therefore the effective age.

Find out more on appraisals at https://brainly.com/question/15032807.

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