1. An investor purchased a pilot of 1000m2 in a city in the year 2000E.C with a price of 600,000birr.in the year 2001EC he constructed a G+1 residential building at the cost of 1,400,000 birr prevailed land value in locality at present is 10,000 birr/m2. Age of building is 14year and to total life of building is 30year
2. What will be the depreciation Amount of the house at the present day by adopting Weight line method of depreciation & considering scrap value at 10%?
3. What will be the market value of land at the present?
4. What will be the total market value of the house property for the bank loan purpose?