Property Valuation
What is 'incurable depreciation' in a Delaware appraisal?
ADepreciation that requires immediate legal action
BDepreciation that is not economically feasible to cure because the cost to correct exceeds the value added✓ Correct
CPhysical deterioration that cannot be visually observed
DExternal obsolescence caused by government regulations
Explanation
Incurable depreciation (physical or functional) exists when the cost to cure the condition exceeds the value that would be added to the property by making the correction, making the cure economically unfeasible.
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