Q. The economic life of a building is considered to be at an end under which of the following conditions? (Solved)
1. When the cost of repairs is more than the income
2. When the income from the building fails to justify its existence
3. When the capitalization rate becomes high
4. When the directional growth of area is turned away from it
5. When thebuilding facilities become obsolete
- b. When the income from the building fails to justify its existence