Definitions for "CURABLE DEPRECIATION"
Depreciation or deterioration that can be corrected at a cost less than the value that will be added.
Items of physical deterioration and functional obsolescence which can be repaired or replaced by a prudent property owner.
A depreciated item that can be restored or replaced economically. (See also functional obsolescence-curable and physical deterioration-curable. )
When the cost of repairs do not outweigh the contribution to value resulting from making such repairs.