Property Valuation
Which type of depreciation in real estate appraisal is considered incurable?
ADeferred maintenance
BPhysical deterioration that is cost-effective to repair
CEconomic (external) obsolescence✓ Correct
DShort-lived physical deterioration
Explanation
Economic (external) obsolescence results from factors outside the property, such as nearby nuisances or market decline. It is always considered incurable because the owner cannot fix external conditions.
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