Five years ago a consulting engineer purchased a building for company offices constructed of bricks that were not properly fired. As a result, some of the bricks were deteriorated. Because of the problem with the bricks, the selling price of the building was 25% below the price of structurally sound buildings. The engineer repaired the damaged bricks and arrested further deterioration by applying an extra-strength solvent-based sealant. This resulted in restoring the building to its fair market value. If the depressed purchase price of the building was Php 600,000 and the cost of getting it repaired was Php 25,000, what is the equivalent value of the "forced appreciation" today, if the interest rate is 8% per year? O a. P 256128 O b. P 258125 O c. P 255124 O d. P 257128

Five years ago a consulting engineer purchased a building for company offices constructed of bricks that were not properly fired. As a result, some of the bricks were deteriorated. Because of the problem with the bricks, the selling price of the building was 25% below the price of structurally sound buildings. The engineer repaired the damaged bricks and arrested further deterioration by applying an extra-strength solvent-based sealant. This resulted in restoring the building to its fair market value. If the depressed purchase price of the building was Php 600,000 and the cost of getting it repaired was Php 25,000, what is the equivalent value of the "forced appreciation" today, if the interest rate is 8% per year? O a. P 256128 O b. P 258125 O c. P 255124 O d. P 257128

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter11: Pricing Concrete Work

Section: Chapter Questions

Problem 7RQ

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