Effective Age

Business, Legal & Accounting Glossary

Definition: Effective Age


Effective Age

Quick Summary of Effective Age


An appraiser’s estimate of the physical condition of a building, in years.




Examples of Effective Age in a sentence


If you want to try and purchase a building you should always know what the effective age of it is.

I wanted to know the effective age and I knew I would be able to figure it out since I was an appraiser.

The effective age was determined by the appraiser who prepared the report the same day we requested it for the judge.


Related Phrases


actual age
age-life depreciation


Cite Term


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Page URL
https://payrollheaven.com/define/effective-age/
Modern Language Association (MLA):
Effective Age. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/effective-age/.
Chicago Manual of Style (CMS):
Effective Age. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/effective-age/ (accessed: March 28, 2024).
American Psychological Association (APA):
Effective Age. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/effective-age/

Definition Sources


Definitions for Effective Age are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 30th October, 2021 | 0 Views.