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Which one of the following illustrates the most common type of depreciation?

  1. Faulty plumbing

  2. An increase of amenities

  3. Outmoded appliances and poor architectural design

  4. Deferred maintenance

The correct answer is: Faulty plumbing

Explanation The other options (B, C, D) all involve specific scenarios that can cause depreciation but by referring to general maintenance and upkeep, A is giving a more broad, inclusive description.