Civil Engineering MCQAE Level Civil Engineering
Depreciation means
Construction ManagementPYQ/PYQ-PatternMEDIUM
Choose the correct answer
A
Increase in market value only
B
Total construction cost
C
Annual rent only
D
Reduction in value of property with time/use
Correct Answer
D. Reduction in value of property with time/use
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Depreciation reflects loss of value due to age, wear and obsolescence.
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