Property Valuation
Which of the following types of depreciation is typically curable because the cost to fix it is less than the resulting value increase?
AExternal obsolescence
BDeferred maintenance (curable physical deterioration)✓ Correct
CIncurable functional obsolescence
DLocational obsolescence
Explanation
Curable physical deterioration (deferred maintenance) includes items like fresh paint, new carpet, or minor repairs where the cost to cure is less than the resulting increase in property value, making them economically worth fixing.
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