A home was constructed in 1955 in Texas that didn't include central heat or central air conditioning.
When an appraiser is considering cost depreciation he would classify the abscence of central heat and air conditioning as an incurable feature of the older home.
Is this fact true or false ?
Take your time. The solution is posted below the wildlife photo.
The abscence of central heat and air conditioning is curable, but for the purposes of considering cost depreciation the appraiser would consider the absence of central heat and air conditioning as a form of functional obsolescence.