Stairs Are Essential in Any Building with Two or More

question 27

Essay

Stairs are essential in any building with two or more stories. They serve two important functions: (i)transport people between stories and (ii)serve as fire escape stairs. However, because of a stair's rhythmic form, the stairs were historically designed as an aesthetic element in entrance foyers of many buildings. The entrance foyers of contemporary buildings do not include any stairs. What is the reason for this change?

---

Definitions:

Book Value

Represents the value of a company as recorded on its books, calculated by subtracting total liabilities from total assets.

Market Value

The current value of an asset or company based on the price that it can be sold for on the open market.

Historical Cost

The initial cost of an asset or investment when it was first purchased.