AIBE III 2012 Question 99

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Question 99 of 100 AIBE III 2012 Set Common

A owns a house in City B. The house used to fetch a rent of Rs. 15,000/- every month but it has been vacant for over two years. A is now unemployed and stays with family in City C and has been residing there for the past three years. Which of the following Statements most accurately applies the principle stated below?

A Since A's house in City B is vacant, the annual value of it is zero.
B Since A's house in City B used to be let out for Rs. 15,000/-, the annual value of it may reasonably be expected to be around Rs. 15,000/-. Official answer
C Since A is residing in City C for over three years, the annual value of the house may be considered to be zero.
D Since A is purposefully letting the house in City B be vacant, the annual value of the house must be considered to be zero.
E Since A is unemployed and residing in another city, the annual value of the house must be considered to be zero.