Q7. Which of the following would be categorized as a cause of external obsolescence? a. Lack of adequate insulation c. Increased traffic flow due to more intensive use in the local area b. deterioration of indoor carpets d. outdated fixtures Q8. The final price for each comparable property reached after all adjustments have been made is termed the: A, transaction price b. market price c. comparable price d. weighted price e. None of the above Q9. Which of the following is/are included in accrued depreciation when applying the cost approach to valuation? a. Physical obsolescence b. functional obsolescence c. external obsolescence d. all of the above e. None of the above

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