NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
MEANING OF CO-OWNERSHIP AND JOINT OWNERSHIP CO-OWNERSHIP Co-owners can be a group or individuals that own a percentage of an asset in conjunction with another individual or group. A co-owner is an individual or group that shares ownership in an asset with another individual or group. Each co-owner owns a percentage of the asset, although […]
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MEANING OF OBSOLESCENCE AND ITS THREE TYPES When something becomes “obsolete” it means that it has either lost its function or desirability due to changing technologies, requirements, or market preferences. An easy way to illustrate this concept is to spend a moment thinking about how the way we listen to music has………….. CLICK BELOW
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VALUATION OF LIABILITIES- ALL YOU NEED TO KNOW Liabilities are generally valued on the balance sheet at either 1) the amount of money needed to pay debt 2) the FMV of goods or services to be delivered……… CLICK BELOW TO READ COMPLETE INFORMATION
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DIFFERENCE BETWEEN LEASEHOLD AND FREEHOLD PROPERTY LEASEHOLD PROPERTY In a leasehold, the lease acts as a license for the lessor, in which the freeholder of the land and property grants right to use the property for a stipulated period of time. For this, the lessor is required to pay a price in the form of
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MEANING AND IMPORTANCE OF SURVEYING Surveying, the first step of starting a new civil engineering project, is a very important branch of civil engineering. To understand the techniques of surveying a student must carefully study the basics of it. To start learning surveying one must start with the definition of surveying…………. CLICK BELOW FOR
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DIFFERENT TYPES OF RENT-ALL YOU NEED TO KNOW The word rent can refer to any periodic payment made regularly for the hire of a good e.g. a house, a flat, a shop, etc. Rent is the share of the national income that goes to the owners of the land. Mineral royalties are a form of
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KEY DIFFERENCES BETWEEN ASSETS AND LIABILITIES Assets refer to the economic resources of the business which the firm acquires either out of its own funds or borrowed funds which are expressed in terms of money. These are meant for use in the business and will increase the firm’s profit-earning capacity……………….. CLICK BELOW FOR COMPLETE
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There are three primary approaches used when valuing a property, business: cost/asset, income, and market. A valuation expert often considers valuation methods from each approach when arriving at a conclusion of value. What are the Main Valuation Methods? When valuing a company as a going concern, there are three main valuation methods used by industry
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LAND MEASUREMENTS UNITS IN INDIA STANDARD MEASUREMENT UNITS LAND CONVERSION TABLE Land Measurements Units: In India, the units for the measurement of the land vary from one state to another. Measurements like Bigha, Biswa, Marla, Kanal, Kattha, and others are used in the Northern region of India, while Ground, Cent, Ankanam, and Guntha units are used
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DESIGN CRITERIA FOR BUILDINGS To analyze or design a structure, it is necessary to establish criteria for determining whether a given structure is acceptable for use in a specified circumstance or for use directly as a design objective that must be met. The most important criteria are; Serviceability. Efficiency, Construction, Costs, Other The structure must
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KEY DIFFERENCES BETWEEN LEASE AND RENT Lease Leasing is a contractual arrangement whereby the lessor (owner of the asset) gives the possession and conditional ownership of his property to the lessee (user of the property) for a definite period in an exchange for a mutually agreed periodic payment. In contrast, rent is a contract wherein
MEANING AND DIFFERENCE BETWEEN LESSOR AND LESSEE Lessor This is the party who receives a certain amount of money to donate a property for a period of time. He or she is the owner. In this case, ownership is what makes the difference in the definition of lessor and lessee. A very good example o
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