Computer · Estimation and Costing
A sinking fund is defined as a:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Part of the estimated budget allocated for contractor profit
- 2Fund utilized exclusively for emergency repairing costs
- 3Reserve fund accumulated gradually for future replacement of a property at the end of its useful life✓
- 4Fund set aside for the annual maintenance cost of a building
Correct answer
Reserve fund accumulated gradually for future replacement of a property at the end of its useful life
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