India - Debt and Investment Survey: NSS 48th Round, Schedule 18.2, January - December 1992

The loss of assets may be caused by natural calamities or on account of other reasons. The value of the loss which may be total or partial for reasons. The value of the loss which may be total or partial for the item, will be recorded in cols. (7) and/or (8) depending on whether the loss is due to natural calamities or other reasons. The natural calamities will include flood, rain, fire, cyclone, earthquake etc. The loss due to other reasons will include cases ofaccident; theft, eaten by termites etc. The value of the loss will be estimated as the expenditure required to be incurred to restore it to the same condition as it was prior to the loss. An asset having no use to the household may be discarded during the reference period. This asset may be in vary poor condition and it is not likely to be sold for its intended purpose. Still it may have some scrap value which will be recorded in col. (9).