engineering recuitment PGCIL Diploma Trainee Mock Test 2024 Estimating, Cost and Valuation Valuation
Comment on the following statements (S1, S2) as True/False:
S1: Obsolescence is the loss in the value of the property due of change of design, fashion, change of utility in demand.
S2: More the age of a building, less the amount for depreciation.
1
Both S1 and S2 are True
2
Statement S1 is False and statement S2 is True.
3
Both statements S1 and S2 are False
4
Statement S1 is True and statement S2 is False