NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
MEANING OF ACT AND CODE An act is an instrument that records a fact or something that has been said, done, or agreed. Acts generally take the form of legal instruments of writing that have probative value and executory force. They are usually accepted as self-authenticating demonstrative evidence in court proceedings, though with the precarious status of notaries public and […]
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LAW AND ACT Law and Act: A law is described as a collection of mandatory rules and regulations that must be followed. The larger picture is under the sole jurisdiction of the law. An Act is a decree that is passed by the respective legislature, such as the State Legislative Assembly or the Parliament of India.
SECURED LENDING VALUATION- ALL YOU NEED TO KNOW A valuation for secured lending may not be the same as one made for financial reporting purposes. This is true although similar base such as market value may be applicable.The assumptions under which the valuation is made in this case are different from that of financial reporting.
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PRESENT VALUE OF ANNUITY AND FUTURE VALUE OF ANNUITY ANNUITY An annuity is a monetary speculation or investment that produces customary installments of payments for a set time frame period. In current times, an annuity is most frequently bought through an insurance agency or a monetary or financial services organisation. This kind of speculation is
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Floor Space Index Floor space index or F.S.I., is the ratio of the total floor area, including all walls on all floors, to the area of the land or plot on which the structure rest. It is also known as F.A.R. (floor area ratio). The local government authority determines the F.S.I value of the building,
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IMPAIRMENT LOSS Impairment occurs when a business asset suffers a depreciation in fair market value in excess of the book value of the asset on the company’s financial statements. The technical definition of the impairment loss is a decrease in the net carrying value of an asset greater than the future undisclosed cash flow of the same asset.
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CAPITAL EXPENDITURE AND REVENUE EXPENDITURE-ALL YOU NEED TO KNOW DEFINITION OF CAPITAL EXPENDITURE The amount spent by the company for possessing any long-term capital asset or to enhance the working capacity of any existing capital asset, or to increase its lifespan to generate future cash flows or to decrease the cost of production, is known
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REVERSIONARY VALUE OF LAND The value of the property at the expiration of a certain time period. Example: A lease will expire in 30 years. The landlord estimates that the reversionary value of the property will be Rs. 60,000; that is, the property can be sold in 30 years for Rs. 60,000. Reversion Period means
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PROPERTY GUIDELINE VALUE AND ITS IMPORTANCE Property Guideline value is the estimated market value of the property as per the records maintained by the Government. Under ideal conditions, the property guideline value should reflect the true market value of the property. However, in most the cases, the property guideline value is lower than the market
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MEANING OF LEASE AND FINANCE LEASE With financing, you own the vehicle. When the loan is over, you own the vehicle “free and clear” and can continue driving it or resell it or whatever. The advantage to you is that you actually own the vehicle and are free to do whatever you want with it.
NOMINAL INTEREST RATE AND EFFECTIVE INTEREST RATE The nominal interest rate is the annual interest rate (per year) for a certain compounding period. A nominal interest rate can be applied to the advertised or stated interest rate on a loan, without taking into account any fees or compounding of interest. The nominal interest rate can be
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MEANING OF WILL AND TRUST-ALL YOU NEED TO KNOW DEFINITION OF WILL A will, is a legal document that designates how to manage your assets upon your death. When establishing a will, the creator, known as the testator, must be an adult of sound mind. The testator elects an executor or executrix to handle estate
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