Incurable Depreciation

Definition: Incurable depreciation is a loss in value that cannot be corrected economically or is beyond the owner's practical ability to correct.

Example

Reworking an obsolete layout would cost $70,000 but add only $25,000 in value.

Keep the distinction clear

Incurable does not always mean physically impossible. Physical deterioration, functional problems, and external influences require separate analysis.

Related terms

Curable Depreciation · Depreciation · Effective Age

Keep studying

Comparable Sales: Adjustments and Weighted Values

References: California DRE: appraisal and valuation concepts

Pronunciation (US): in-KYUR-uh-buhl dih-pree-shee-AY-shuhn (capitals show stress)

Pronunciation reference: Merriam-Webster