NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
MESNE PROFITS Mesne profits refer to profits or damages that accrue while a property is wrongfully withheld from the rightful owner or a person entitled to its possession. In other words, mesne profits are the compensation paid to the rightful owner of a property for the loss of its use and enjoyment during the period […]
SINKING FUND VS. EMERGENCY FUND A sinking fund and an emergency fund are two different types of financial accounts that serve different purposes. A sinking fund is a savings account that is set up to accumulate funds over time for a specific future expense. This could be a major purchase like a new car or
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DIFFERENT FORMS OF RENT Rent refers to a payment made by a tenant or lessee to a landlord or lessor for the right to use or occupy a property, asset or piece of land. Here are the different forms of rent in more detail: Residential Rent: Residential rent refers to the payment made by tenants
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DISCOUNTED CASH FLOW AND ITS PRINCIPAL Discounted Cash Flow (DCF) is a financial analysis method used to determine the present value of an investment or business by estimating the future cash flows it is expected to generate and discounting them back to their current value. The discounted cash flow method assumes that the value of
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CAPITAL GAIN TAX AND COST INFLATION INDEX Capital gains tax (CGT) is a tax levied on the profits earned from the sale of an asset that has appreciated in value over time, such as stocks, real estate, or other investments. The amount of CGT payable depends on the difference between the sale price of the
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DEPRECIATION AND DEPLETION Depreciation and depletion are two accounting terms that refer to the decrease in value of an asset over time, but they are used in different contexts. Depreciation is a term used in accounting to describe the decrease in the value of a tangible asset over its useful life. Tangible assets include property,
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PRINCIPLES AND PRACTICE OF GENERAL INSURANCE AND INSURANCE SURVEYS Principles and Practice of General Insurance: General insurance refers to insurance policies that protect against losses and damages other than those covered by life insurance. The principles and practices of general insurance include the following: Insurable Interest: To take out an insurance policy, the insured must
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SUBROGATION AND CONTRIBUTION Subrogation and contribution are both legal terms related to the transfer of liability or responsibility from one party to another in a legal dispute. Subrogation refers to the transfer of the rights of one party to another party, usually an insurance company. This occurs when an insurance company pays a claim to
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REPRODUCTION COST AND REPLACEMENT COST Reproduction cost and replacement cost are two methods used to value assets or properties, such as buildings or equipment. Reproduction cost is the cost of creating or reproducing an exact replica of an asset or property, using current materials, methods, and technology. This method takes into account the cost of
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COST DEPRECIATION AND VALUE DEPRECIATION Cost depreciation and value depreciation are two different concepts in accounting and finance. Cost depreciation refers to the decrease in the value of an asset over time due to wear and tear, obsolescence, or any other factor that reduces its usefulness or effectiveness. This decrease is usually reflected in the
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METHOD FOR ESTIMATING COST OF DEPRECIATION Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors. The cost of depreciation is an important consideration for businesses and individuals who own assets that are subject to depreciation. Here are some methods for estimating the cost of
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DIFFERENCE BETWEEN DEPRECIATION AND OBSOLESCENCE Depreciation and obsolescence are two different concepts related to the decrease in value of an asset over time. Depreciation refers to the reduction in the value of an asset due to wear and tear, age, and/or use. It is a gradual and predictable process that affects all types of physical
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