Property Valuation
Which type of depreciation in the cost approach is considered incurable?
ADeferred maintenance
BWorn carpeting
CEconomic obsolescence caused by external factors such as nearby industrial use✓ Correct
DA leaky roof
Explanation
Economic (external) obsolescence arises from factors outside the property (e.g., a nearby factory, highway noise, neighborhood decline) and is typically incurable because the owner cannot fix external conditions.
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