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Perception of Estate Valuers on the Causes of Depreciation of Process Plants in Brewery Industry in Lagos State Nigeria

Authors: Okoh P., Ebi Uchenna , Aderogba Abiola Abiodun

Publication Type: Journal article

Journal: International Journal Of Latest Engineering And Management Research

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Abstract

This research investigated the causes of depreciation in process plants in the brewery industry from the perception of practising estate valuers in Lagos State Nigeria. The objectives of study were to: identify the different causes of depreciation in process plants in the manufacturing industry; obtain the views of Estate valuers on the causes of depreciation in process plants in brewery industry; rank the views of Estate Valuers on the most significant causes of depreciation in process plants in brewery industry in Lagos State Nigeria; and present a statement of significance of the findings to practising estate valuers in the study area. The result of the review of extant literature identified causes of depreciation from where questionnaire was constructed which was the main source for data collection. Out of a population of 317 estate valuers practising in Lagos State Nigeria 272 questionnaires were retrieved fully completed representing 85.50% return rate. The mean item score (MIS) was the main technique for data analyses with the aid of statistical package for social sciences (SPSS 20 for windows). It was found out that wear and tear with a MIS of 4.03 was the most significant cause of depreciation in the brewery industry. Use in service with a MIS of 3.82, difference in materials of construction between present day machine and the one appraised with a MIS of 3.75% condition with a MIS of 3.68 were ranked second, third and fourth respectively. This study will assist Estate Surveying firms in their valuation and facility management services delivery with the level of significance of the causes of depreciation in brewery industry.

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Okoh,V.P Ebi,U. Aderogba,A.A . (2017). Perception of Estate Valuers on the Causes of Depreciation of Process Plants in Brewery Industry in Lagos State Nigeria, 2 (), 111-111.

Okoh,V.P Ebi,U. Aderogba,A.A . "Perception of Estate Valuers on the Causes of Depreciation of Process Plants in Brewery Industry in Lagos State Nigeria" 2, no (), (2017): 111-111.

Okoh,V.P and Ebi,U. and Aderogba,A.A and . (2017). Perception of Estate Valuers on the Causes of Depreciation of Process Plants in Brewery Industry in Lagos State Nigeria, 2 (), pp111-111.

OkohVP, EbiU, AderogbaAA, . Perception of Estate Valuers on the Causes of Depreciation of Process Plants in Brewery Industry in Lagos State Nigeria. 2017, 2 ():111-111.

Okoh,Victor P., Ebi,Uchenna , and Aderogba,Abiola Abiodun . "Perception of Estate Valuers on the Causes of Depreciation of Process Plants in Brewery Industry in Lagos State Nigeria", 2 . (2017) : 111-111.

O.Victor P. E.Uchenna & A.Abiola Abiodun , "Perception of Estate Valuers on the Causes of Depreciation of Process Plants in Brewery Industry in Lagos State Nigeria" vol.2, no., pp. 111-111, 2017.

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