Causes of Depreciation in Process Plants in Cement Industry: Analysis of the Perception of Practising Estate Surveyors and Valuers in Lagos and Ogun States
Journal Title: International Journal of Humanities and Social Sciences - Year 2017, Vol 6, Issue 5
Abstract
This study analyses the causes of depreciation in process plants in cement industries, from the perception of practicing Estate Surveyors and Valuers in Lagos and Ogun States, Nigeria. The objectives set-out are to: identify the different causes of depreciation in process plants; obtain and rank the views of Estate Surveyors and Valuers on the causes of depreciation in cement industry, so as to identify the most significant causes of depreciation; and present a statement of significance of the findings to the practicing Estate Surveyors and Valuers in the study areas. Extant literature was conducted in order to identify the various causes of depreciation; a set of questionnaire was subsequently developed therefrom. A total of 337 questionnaires were purposely administered to the entire population of study, comprising: 317 and 20 Estate Surveyors and Valuers in Lagos and Ogun State respectively. A total of 254 questionnaires was successfully completed and used for the final analysis. This indicates 75.4% success rate of the administered questionnaires. The instrument for data analysis was the Mean Item Score (MIS) and computed with the aid of Statistical Package for Social Sciences (SPSS 20 for Windows). The result revealed that “physical deterioration” is the most significant causes of depreciation in process plants in cement industry; and “wear and tear” is the most significant factor under the physical deterioration group. The study contributes to knowledge being a pioneering work that analyzed the most significant causes of depreciation in process plants in cement industry and equally contributes to the fortifying of the valuation of process plants in the Nigerian manufacturing sector.
Authors and Affiliations
OKOH, VICTOR P. O, EBI, UCHENNA, JOHNSON, OLUSOLA O
Keywords
Related Articles
- EP ID EP251436
- DOI -
- Views 103
- Downloads 0
Vocational Interests among Students in the United Arab Emirates
This paper examined the vocational interest of grades 9 and 12 students in the United Arab Emirates, using the Emirates Scale for Vocational Interest (ESVI), which is an Arabic version of the Kuder Occupational Interest...
Ex Ante Impact Assessment of Conditional Cash Transfer Programs Using an Agent-Based Model
A model for ex ante impact evaluation of Conditional Cash Transfer Programs (CCT) is described. Assessment of the impacts of such programs is critical for the design of public policies. We developed an agent-based model,...
Glut Strengthening Exercise with Foam Roller Training and Resistance Training Impact on Balance among Football Players
The goal intended on this investigation was to bring out the impact of gluts exercise with foam roller training and resistance training on Balance, which was experimented among football players. Sixty boy’s football play...
A Study on Wisdom Levels among Retired Professionals
The objective of this investigation was to identify the wisdom levels among retired professionals according to the personal variables selected for the study. The differences in wisdom levels were studied according to the...
Mundane Beauty: Female Fashion of Costumes Addressing Drapes and Folds as Fashion Devices Used in Female Costumes During 16th Century in Sri Lanka
Costumes have always been a distinctive mark of a historical period. Besides, wearing costumes in a pleasing manner is a skill of great antiquity and it was well developed since the development of creative impulses of pe...