the economic feasibility of “fixing” the item which is causing the value loss. An item of depreciation is incurable if the cost to cure exceeds the value increase derived from implementing the cure. Alternatively, if the value increase is less than the cost the cure, the deficiency will be categorized as incurable.

The term incurable does not reflect on whether the item “can” or “cannot” be replaced or repaired. Rather it reflects on whether it makes economic sense to cure the item.