Section A (1 Mark)
The principle in real estate valuation which acknowledges limitation on growth in market value, not ably in the case of improvements is known as:

Section A (1 Mark)
When deciding under uncertainty, which of the following generally accepted guidelines that a decision maker should follow:

Section A (1 Mark)
What would be the tax liability if tea and snacks are provided in the office after office hours?

Section B (2 Mark)
In 2011-12, Steven has business profits of £34,125, net bank interest of £1,240 and net dividends of £9,000.
He claims the personal allowance of £7,475. What is the income tax payable for the year after subtracting tax deducted at source?

Section B (2 Mark)
You have been asked to estimate the market value of an apartment complex that is producing annual net operating income of Rs44,500. Four highly similar and competitive apartment properties within two blocks of the subject property have sold in the past three months. All four offer essentially the same amenities and services as the subject. All were open-market transactions with similar terms of sale. All were financed with
30-year fixed-rate mortgages using 70 percent debt and 30 percent equity. The sale prices and estimated first-year net operating incomes were as follows:

What is the indicated value of the property using direct capitalization?