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| Author: | Connellan, O. |
| Title: | Discounted asset rent (DAR) - a new methodology for cost appraisals |
| Journal: | Journal of Property Valuation & Investment
1994 : VOL. 12:4, p. 39-57 |
| Index terms: | DISCOUNTED CASH FLOW COST ACCOUNTING DEPRECIATION |
| Language: | eng |
| Abstract: | When valuing "no market" properties using the cost approach, one of the fundamental problems is the reflection of "age-related" depreciation in the appraisal process. The uncritical use of straight-line depreciation produces illogical results and a new methodology "discounted assets rent" is introduced to overcome these difficulties: site values based on existing use should not be depreciated per se in the process. |
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