Which of the following methods is NOT used for assessment of the rateable value of a property (building complex)?
Annuity Method: In this method, the interest is charged on the cost of the machine every year on the book value, but the rate of depreciation remains constant for each year.
Method of valuation: The following are the different methods of valuation:
1) Rental method
2) Profit-based method
3) Depreciation method