Buying a Tourism Business in Gambia: Bars, Restaurants, Hotels
Asset Valuation
In property terms, an asset valuation is the expression applied
to the formal valuation of land and buildings or plant and
machinery.The term is generally used to describe an expert
opinion of the open market or existing use value of a property.
An asset valuation can be incorporated into company accounts,
where the ownership of the asset is not necessarily being
transferred, but the valuation is of interest to, say, shareholders.
It is also used for establishing the value of an asset for
company takeovers, share flotations or mortgages.
The Royal Institution of Chartered Surveyors' Appraisal and
Valuation Manual is the valuer's standard book of reference
for such matters. This sets out guidance notes and practice
statements to be adopted by the valuer in order to ensure
consistency of approach.
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