Property Valuation
External obsolescence (economic obsolescence) differs from other depreciation types because it is:
AAlways curable through renovation or repairs
BCaused by factors within the property boundaries
CGenerally incurable and caused by forces outside the property✓ Correct
DRelated solely to the physical age of the improvements
Explanation
External obsolescence results from negative influences outside the property boundaries, such as a new freeway, industrial pollution, or neighborhood decline. Because the cause is external to the property, it is typically incurable by the property owner.
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