Depreciation Tables are used to show what?

Depreciation Tables are designed to illustrate the typical loss in value that a property may experience as it ages. These tables provide appraisers with a systematic way to quantify the reduction in a property's value due to physical deterioration, functional obsolescence, or economic obsolescence that commonly occurs over time. By utilizing these tables, appraisers can more accurately estimate the current value of a property based on its age and condition, which is crucial when determining fair market value during the appraisal process.

The use of depreciation tables informs appraisers about expected depreciation rates for specific classes of properties, making it a reliable reference point. This ensures that appraisals reflect not just the current market conditions but also the inherent value loss associated with aging, allowing for more precise valuation and better-informed decisions by stakeholders.

Options that pertain to potential rental income, projected future market values, or the cost of repairs focus on different aspects of property assessment and valuation and do not align directly with the primary function of depreciation tables.