EST 414 Theory Questions: Valuation and Rating Assessment for Industrial Property

400 Level Estate Management And Valuation Department exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.

Questions:

• Value and determine rate payable on a factory measuring 1582.14m². The unit cost per square metre is N15,000 at present. Depreciation rate is 45%. The enabling edict stipulates 5% of the cost as gross value and a statutory deduction of 25% from the gross value. The applicable rate nairage is 5k.

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