Long-Lived Item

   Previous topic Next topic JavaScript is required for the print function  

A long-lived item is a building component with an expected physical life that is equal to or greater than the remaining economic life of the property.

 

Examples of long-lived items:

 

•Foundation

•Framing

•Roof structure (but not the roof itself)

Page url: http://www.georgiaappraiser.com/glossary/index.html?longliveditem.htm