Property Valuation
Which depreciation category is typically considered 'curable' because the cost to fix it is less than the value added?
AExternal obsolescence
BPhysical deterioration — deferred maintenance✓ Correct
CFunctional obsolescence from structural defects
DEconomic obsolescence
Explanation
Deferred maintenance (paint, minor repairs) is usually curable physical deterioration because the cost to fix it is offset by the value gained. External obsolescence is almost always incurable.
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