Property Ownership
In Kansas, 'physical deterioration' of a property that results in loss of value is categorized as either:
AExternal or internal depreciation
BCurable (economically practical to fix) or incurable (too costly relative to value gained)✓ Correct
CFunctional or economic obsolescence
DDeferred or immediate maintenance
Explanation
Physical depreciation is classified as curable (the cost of repair is less than the value added) or incurable (the cost to fix exceeds the benefit, making repair economically impractical).
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