Value of a building indicates:a)present value of a buildingb)original cost of constructionc)loan taken for the construction of buildingd)annual repair costCorrect answer is option 'A'. Can you explain this answer?

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'Value of a building' indicates:

a)
present value of a building
b)
original cost of construction
c)
loan taken for the construction of building
d)
annual repair cost

Correct answer is option 'A'. Can you explain this answer?

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Value of a building indicates:a)present value of a buildingb)original ...

The value of the building refers to the current saleable value of the Structure or the sale price of the building is called the value of the building. It may change as per market conditions i.e. it may go higher or lower than the original cost.
The valuation of the building is done for the following purpose:

Buying or selling
Fixation of rent
Taxation
Security of Loans or Mortgage
Compulsory acquisition
Insurance

Answered by Engineers Club · View profile

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Value of a building indicates:a)present value of a buildingb)original cost of constructionc)loan taken for the construction of buildingd)annual repair costCorrect answer is option 'A'. Can you explain this answer?

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