Question

Tenpenny Tower was built in 1985. However, the building has been constantly maintained and remodeled. In valuation terms, the building's _________ age is greater than the building's _________ age.

Answer 1

Answer: effective age, chronological age

Explanation:

Effective age is the estimate of the age of a particular structure which is typically based on the condition and the utility of such structure.

Chronological age has to do with the amount of time from the day the building was constructed to the present age.