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Strata Management Licensing Practice Exam · Question

Depreciation report required for strata of size:

SPA depreciation report rule. The correct answer is "5 or more lots; obtained every 5 years". This reflects the accepted standard for the strata-management asse

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Question: Depreciation report required for strata of size:

Answer options: ✅ 5 or more lots; obtained every 5 years

  • Any size
  • 1 lot
  • 30+

Correct answer: 5 or more lots; obtained every 5 years

Explanation: SPA depreciation report rule. The correct answer is "5 or more lots; obtained every 5 years". This reflects the accepted standard for the strata-management assessment and aligns with the official handbook for this competency.

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