Question

1.What is Physical Depreciation- Curable

2.What is Physical Depreciation- Incurable

Answer 1

Curable physical depreciation is the one that can be repaired and fixed such as painting jobs roof repair , wiring jobs , tiling jobs breakage and wear and tear. These are generally the items of deferred maintenance and the cost should not be greater than the gained economic plus value.

Incurable physical depreciation refers to items which cannot be practically or economically corrected. For instance of faulty floor plan is incurable depreciation because the cost of correcting it is greater than the cost of the Asset itself.