Entrepreneurial profit, redux
Kapplin, Steven D.
Entrepreneurial profit, redux - 1992 - Appraisal Journal 60(1) January 1992, 14-24(11) .
Attempts to clarify the confusion surrounding the treatment of entrepreneurial profit in the cost approach. Entrepreneurial profit is not an accounting item. Rather, it is an economic concept implicit in the estimation of market price for the unit of production as well as being a residual of the production process.
COST APPROACH
VALUATION METHODS
Entrepreneurial profit, redux - 1992 - Appraisal Journal 60(1) January 1992, 14-24(11) .
Attempts to clarify the confusion surrounding the treatment of entrepreneurial profit in the cost approach. Entrepreneurial profit is not an accounting item. Rather, it is an economic concept implicit in the estimation of market price for the unit of production as well as being a residual of the production process.
COST APPROACH
VALUATION METHODS