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anzhelika [568]
2 years ago
12

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
Business
1 answer:
frosja888 [35]2 years ago
6 0

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

<h3>What is the effective age?</h3>
  • 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 brainly.com/question/15032807.

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<h3>What is the minimal group paradigm? </h3>

The minimal group paradigm refers to a method employed in social psychology. Although it may be used for a variety of purposes, it is best known as a method for investigating the minimal conditions required for discrimination to occur between groups. Experiments using this approach have revealed that even arbitrary distinctions between groups, such as preferences for certain paintings, or the colour of their shirts, can trigger a tendency to favour one's group at the expense of others, even when it means sacrificing in-group gain.

There are some variations, but the traditional minimal group study consists of two phases.

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