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| Q. |
In this method, it is assumed that the property will lose its value by a constant percentage of its value at the beginning of every year. This method is called? |
| A. | sinking fund method |
| B. | constant percentage method |
| C. | straight line method |
| D. | quantity survey method |
| Answer» C. straight line method | |
| Explanation: in this method a fixed amount of the original cost is deducted every year so that at the end of the utility period only the scrap value is left. | |
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