A public utility building of 5000 m2 was constructed 5 years before, on a site of 1 hectare. The present value of open land in that location is Rs. 100/m2 and present construction cost of such building is Rs. 2500/m2. If the value of the building is assumed to be depreciating at a constant rate of 6 percent per annum, then the present value of the property using Valuatin by Cost Method is ______ (in Rs. Lakh) (rounded off to one decimal place).

A public utility building of 5000 m2 was constructed 5 years before, o

1.	A public utility building of 5000 m2 was constructed 5 years before, on a site of 1 hectare. The present value of open land in that location is Rs. 100/m2 and present construction cost of such building is Rs. 2500/m2. If the value of the building is assumed to be depreciating at a constant rate of 6 percent per annum, then the present value of the property using Valuatin by Cost Method is ______ (in Rs. Lakh) (rounded off to one decimal place).
A.	10.7 lakh
B.	1.7 lakh
C.	101.7 lakh
D.	11.7 lakh
Answer» D. 11.7 lakh

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