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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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