a. if the fringe benefit is granted or furnished by the employer in property other than money but ownership is not transferred to the employee, the value of the fringe benefit is equal to the depreciation value of the property
b. if the employer leases a residential property for the use of his employee and the said property is the usual place of residence of the employee, the monetary value of the fringe benefit shall be the amount of rental paid by the employer
c. if the employer owns a residential property and the same is assigned for the use of his employee as his usual place of residence, the monetary value of the fringe benefit shall be fifty percent (50%) of the value of the benefit
d. if the employer purchases a residential property and transfers ownership thereof in the name of the employee, the monetary value of the fringe benefit shall be the entire value of the benefit