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Describes the forms of physical depreciation

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Problem 1: A real estate analyst is using the cost approach to value a block of residential apartments. In her analysis she identifies two types of physical deterioration in the property: first, a section of the roof would need repairing, and second, the stairwells of the property would need modification to comply with current regulations. It is expected that the repair of the roof would increase the value of the property by the cost of fixing it; however, the costs incurred in redesigning the stairwells would not be recovered. Which of the following best describes these forms of physical depreciation?

Roof Stairwell
A.Curable. Incurable
B.Curable Curable
C.Incurable Curable

Group of answer choices

Option 1: Row A

Option 2: Row C

Option 3: Row B

Reference no: EM132940857

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