Correct Answer - Option 1 : Uncirculation
Explanation:
Uncirculation:
It is the value of material due to end of circulation of shape or design property is known as Uncirculation.
Scrap value:
It is the value of dismantled materials for a building when its life is over. The scrap value of a building may be about 10% of its total cost of construction.
Salvage value:
(i) It is the value at the end of the utility period without being dismantled. It may be zero, positive or negative.
(ii) It also may be defined as Due to end of circulation of shape or design property is known as salvage value.
Distress value:
Some time due to fear of war or riot the value of a property cannot fetch the full market value. Then this value of the property is called distress value.
