Property Valuation
What type of depreciation is considered 'incurable' in an appraisal?
AA leaky faucet that costs $200 to fix
BDepreciation where the cost to cure exceeds the value added, such as a functionally obsolete floor plan✓ Correct
CAny physical deterioration of a structure
DNormal wear and tear only
Explanation
Incurable depreciation refers to items where the cost to cure exceeds the value that would be added to the property. It is not economically feasible to fix incurable items.
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