Question

75 of 100 - jim inherited a property that has not been maintained in years, the property needs new appliances, a roof, new siding, new electrical and plumbing. the cost of the updating far exceeds the value of homes in the area. the lack of feasibility in doing these repairs is called:

Answer 1

The lack of feasibility in doing these repairs is called incurable. Incurable depreciation is a term that describes a defect or a set of defects that can not be cured or it is financially impractical to cure. More specifically, this term refers to the case when the cost of repairing something surpasses the value this item will add to the structure.