Property Valuation
Which type of depreciation is typically incurable?
APhysical deterioration that is deferred maintenance
BFunctional obsolescence from outdated design
CExternal (economic) obsolescence✓ Correct
DStructural damage from a leaking roof
Explanation
External (economic) obsolescence is caused by factors outside the property (neighborhood decline, proximity to nuisances) and is generally incurable because the property owner cannot control external conditions.
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