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Explain Depreciation and Obsolescence.
written 7.9 years ago by gravatar for teamques10 teamques10 ★ 65k •   modified 7.9 years ago

Mumbai University > CIVIL > Sem 7 > Quantity survey Estimation and valuation

Marks: 5 M

Year: May 2014, Dec 2013
quantity survey estimation and valuation
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written 7.9 years ago by gravatar for teamques10 teamques10 ★ 65k

Depreciation:

  1. This is a physical loss in the value of property due to its use, life, wear $ tear, decay, etc.
  2. Depreciation depends on its original condition, Quality of maintenance and mode of use.
  3. This is variable according to the age of the property. More the age, more will be …

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