Property Valuation
Which type of depreciation is ALWAYS incurable?
APhysical deterioration — curable items
BFunctional obsolescence due to outdated kitchen fixtures
CExternal (economic) obsolescence✓ Correct
DPhysical deterioration — deferred maintenance
Explanation
External (economic) obsolescence is always incurable because it is caused by factors outside the property that the owner cannot control or remedy, such as a factory opening next door or a declining neighborhood.
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