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4. Which ofthefollowing statementsregarding functional utility is FALSE? (1) Functional utility is the ability of aproperty or building to be useful and to perform the use for which it was intended in accordance with current market tastes and standards. (2) Standards of functional utility vary with the age and use of the property. (3) Functional inutility occurs when a feature considered standard according to current market standards, is not met. (4) The ultimate test of functional utility is marketability.
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