The Base Date indicates when the data values in the estimate were collected. Segregated Estimator uses this date as follows when the Base Date differs from the Report Date:
To adjust all Effective Ages from the Base Date to the Report Date, when you have entered an Effective Age Adjustment Value.
To adjust the following depreciation percentages from the Base Date to the Report Date, when you have entered a Depreciation Percentage Adjustment Value.
Each section's Combined Physical and Functional Depreciation Percentage, or Separate Physical Depreciation Percentage.
Each component's depreciation percentage, if entered.
Each addition's depreciation percentage, if entered (and if you have not entered a separate Base Date for the addition)
To trend addition costs from the Base Date to the Report Date for each addition for which you have set the Trend option to Yes and have not entered a separate addition Base Date.
The earliest date available is October 1975, and the latest date is the current month and year.
Example: To set the Base Date to April, 1995, enter 4/1995 in this field.