fad6.pdf - Insurance Policy Method: Purely Example Mr....

This preview shows page 1 out of 1 page.

Insurance Policy Method:Purely ExampleMr. Kranti Kiran had Purchased an Audi Car by spending Rs. 6.00 crore (sports car) openable roofon the 1st of April, 2018. Due to pandemic he has not been using the car and the insurance premiumvalidity ended on 31st March 2021.He has visited New India Assurance company and met Ms. Divya Singh the Senior Manager underwritingand said that, he wants to get the car insured for a value of Rs. 3.00 crores.Tentative ValuesAsset Life016201810.814.86201920.684.08202030.543.24202140.4150.3Depletion MethodUltratech Cement Limited has taken on Lease the Lime Stone Mine for 25 years.The Lime Stone Quarry - value at the beginning of the year (25 years life leftover) = 4,500 croreIn the current year the company mine Lime Stone to an extent of Rs. 156 crores.What will be the value of Quarry (Lime Stone) that ultratech cement co is holding?4500-1564344How much is the lime stone Depleted = 156 crore
End of preview. Want to read the entire page?

Upload your study docs or become a

Course Hero member to access this document

Term
Summer
Professor
NoProfessor
Tags
Lime Stone Quarry, Mr Kranti Kiran

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture