depreciation

Isaac Kremer/ January 28, 2022/ / 0 comments

An economic calculation of the decreased monetary value of a building or structure because of physical deterioration over time; based on government regulations or generally accepted acocunting practices rather than on actual market value. (Bucher, 1996)

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About Isaac Kremer

IsaacKremer.com is the personal website of Isaac Kremer, MSARP, a nationally recognized leader in the Main Street Approach to commercial district revitalization with over 25 years of experience. Kremer, New Jersey's first certified Main Street America Revitalization Professional (MSARP), has served as founding executive director for organizations like Experience Princeton and the Metuchen Downtown Alliance, which won a Great American Main Street Award under his leadership. He recently became director of the Royal Oak Downtown Development Authority in Michigan.

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