I had asked the consultant to provide us with a QS report for the % of work done by DADB. (I have forwarded the email to you for info.)
For asset valuation, please consult with American Appraisal. However, it is NOT correct to use the space occupied by the two tenants as a % of the land because there are space above the two tenancies. A more accurate and equitable method is to use gross floor area.
We do NOT depreciate freehold land. We only depreciate the building and improvements.