The gradual reduction in value with age of a property is known as _________.
The gradual reduction in value with age of a property is known as _________.
1). revaluation
2). appreciation
3). depreciation
4). devaluation
2 answers
Depreciations:
It is defined as the gradual decrease in the value of a property because of constant wear, tear and decay etc.
Sinking fund deposited is also taken as depreciation for the purpose of calculation of net value of a property.
The rate of depreciation depends upon the longevity of utility period neglect of maintenance etc. of a property.
Annual Depreciation (D) = (Original cost – Salvage value)/life in years
Other Questions
1. Pick up the correct statement from the following:
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4. The taper of precast concrete pile should not be more than
6. A smooth cylinder lying on its convex surface remains
7. The coherence length over which there is a strong relationship between amplitudes is;
8. For a reinforced concrete section, the shape of shear stress diagram is