The Valuation of Mineral Property —— Rules and Tables

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ISBN: 9781333940805 出版年：2016 页码：180 T An O'donahue Forgotten Books

In the case of a mineral estate from which there is no immediate revenue, the engineer with a knowledge of the circumstances forms an estimate of the period which must elapse before revenue commences, and having fixed the probable annual revenue and its term, calculates the present value on the basis of a deferred annuity.