Economy, asked by Anonymous, 7 months ago

The cost of construction of new building according to present market value is Rs.6 Lakhs,having the life 80 years but if the building is 20 years old.Calculate the depreciated amount, which should be deducted from the cost of the new building at 5% compound interest

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Answered by rr7172283

1. CHAPTER : 13 VALUATION Introduction Engineer has to work out the value of an existing property for various purpose. Valuation is needed for wealth tax, municipal taxation, etc Valuation is an art of judgment based on experience and relevant statistical data to forecast the value of a property at present. The estimated value of property depends upon its power to serve man’s need, location, amenities, purpose and supply and demand of a property type. It continuously varies with age, physical state and characteristics

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The cost of construction of new building according to present market value is Rs.6 Lakhs,having the life 80 years but if the building is 20 years old.Calculate the depreciated amount, which should be deducted from the cost of the new building at 5% compound interest​

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The cost of construction of new building according to present market value is Rs.6 Lakhs,having the life 80 years but if the building is 20 years old.Calculate the depreciated amount, which should be deducted from the cost of the new building at 5% compound interest