Property Valuation
Physical deterioration that can be repaired or corrected economically is called:
AFunctional obsolescence
BCurable physical deterioration✓ Correct
CExternal obsolescence
DIncurable depreciation
Explanation
Curable physical deterioration refers to physical deterioration (such as worn carpets or peeling paint) that can be repaired at a cost equal to or less than the resulting increase in value. It is economically worthwhile to fix.
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