Property Valuation
Physical depreciation that CANNOT be corrected (because the cost to fix it exceeds the value it adds) is called:
ACurable physical depreciation
BIncurable physical depreciation✓ Correct
CFunctional obsolescence
DExternal obsolescence
Explanation
Incurable physical depreciation refers to physical deterioration that would cost more to correct than the value it would add to the property, making correction economically impractical.
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