Computer · Estimation and Costing
Consider the following statements regarding terms used in valuation and identify the correct option: Statement A: The value of a property at the end of its utility period without being dismantled is known as scrap value. Statement B: The reduction in the value of a property or structure due to being 'out of date in style' or design is known as obsolescence.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements are incorrect
- 2Statement B is correct and A is incorrect✓
- 3Statement A is correct and B is incorrect
- 4Both statements are correct
Correct answer
Statement B is correct and A is incorrect
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