calculate the GAV from the following details : MV-45000; Fair rent- 50000; Standard rent -48000; Actual rent Receivable-55000; unrealised rent -20000.
a) 50000
b) 48000
c) 45000
d) 35000
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Replies (1)
1. Higher of MV & Fair Rent - 50000(C)
2. Lower of - The above figure (C) & the SR - 48000 (D)
3. Annual Rent-Unrealized Rent - 55000-20000=35000(E)
4.Higher of D & E - 48000
*Is Actual Rent=Annual Rent (Assumed for solving)
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