Computer · Valuation and Estimation
Select the correct option regarding the relationship between cost and value from the following statements: Statement-1: Cost means the actual cost of construction whereas value means the present market value. Statement-2: Cost depends on demand and supply whereas value is a constant amount.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement-1 is incorrect and statement-2 is correct
- 2Both statements are correct
- 3Both statements are incorrect
- 4Statement-1 is correct and statement-2 is incorrect✓
Correct answer
Statement-1 is correct and statement-2 is incorrect
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