Property Valuation
Physical deterioration in the cost approach is divided into:
ACurable and incurable deterioration✓ Correct
BInternal and external deterioration
CStructural and cosmetic deterioration
DShort-lived and long-lived deterioration only
Explanation
Physical deterioration is categorized as curable (economically worthwhile to repair) or incurable (too costly to repair relative to value added). Both categories must be estimated in the cost approach.
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