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+--- Thread: Owner's Valuation (/thread-owner-s-valuation)
Owner's Valuation - Notorious Frank White - 11-14-2005
Premises, small unit on industrial estate. Cost £55,000 in september 2004. A similar one has just been sold for £65,000, but this is in better condition and should be worth around £70,000.
owner's valuation £70,000.
is this owner right to value his premises at this price for his profit and loss account??
Increase your faith
"On the Day you shall see the believing men and the believing women - their light running forward before them and by their right hands. Glad tidings for you this Day! Gardens under which rivers flow, to dwell therein forever! Truly, this is the great success." [Soorah al-Hadeed (57)12]
- Notorious Frank White - 11-14-2005
come on people, please reply before tonight
[(]
Increase your faith
"On the Day you shall see the believing men and the believing women - their light running forward before them and by their right hands. Glad tidings for you this Day! Gardens under which rivers flow, to dwell therein forever! Truly, this is the great success." [Soorah al-Hadeed (57)12]
- Ice_Blue - 11-15-2005
the asset should appear at the historical cost unless the going concern assuption is not valid.
Ice Blue
- Ice_Blue - 11-15-2005
however, a class of assets can be revalued by a qualified revaluer regularly, periodically.
Ice Blue