Nev. Admin. Code § 361.1073

Current through December 12, 2024

Section 361.1073 - "Accrued depreciation" defined

"Accrued depreciation" means the amount of loss in the value of an improvement relative to its replacement cost, reproduction cost or original cost as a result of physical deterioration, functional obsolescence or economic obsolescence.

Added to NAC by Tax Comm'n by R039-10, 8-13-2010, eff. 7-1-2012

NRS 360.090, 360.250