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Deferment of the Time for Renewal

HAUC Advice Note No 2008/01 supersedes Appendix E in so far as it introduces a revised rate of interest (3.5%) to be used in the calculation. It also announces the replacement of Table 2 by the following interactive facility which automatically calculates, using the Bacon and Woodrow formula, the appropriate cost deduction to be applied for any given full and expired life.

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Years

Cost deduction to be applied to total diversionary works costs is: