Depreciated replacement cost method of valuation for financial reporting (Record no. 122342)

MARC details
000 -LEADER
fixed length control field 02132cab a22003015a 4500
001 - CONTROL NUMBER
control field L160194
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20260408103347.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 260408e2026 xxk 000 0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781783213290
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u160194
041 0# - LANGUAGE CODE
Language code of text/sound track or separate title eng
110 2# - MAIN ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element RICS Valuation Professional Group
9 (RLIN) 6213
245 00 - TITLE STATEMENT
Title Depreciated replacement cost method of valuation for financial reporting
Medium [electronic resource]
250 ## - EDITION STATEMENT
Edition statement 1st ed
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. London,
Name of publisher, distributor, etc. RICS,
Date of publication, distribution, etc. April 2026
490 ## - SERIES STATEMENT
Series statement RICS Practice Guidance
500 ## - GENERAL NOTE
General note Note this was reissued in 2026 with the same ISBN and edition number in light of HM Treasury's thematic review of non-investment asset valuation has confirmed minor but material changes affecting Depreciated Replacement Cost (DRC) valuations used for UK public sector financial reporting. Alternative site assumptions are now prohibited: valuers must not assume relocation to lower-value sites or land outside the required service-delivery zone. Land and buildings must be valued as a single integrated DRC asset, and land costed on a Modern Equivalent Asset (MEA) basis must remain within the required geography.
520 ## - SUMMARY, ETC.
Summary, etc. Focuses on the depreciated replacement cost method of valuation for financial reporting. Highlights the reporting requirements outlined in RICS Valuation Global Standards that are particularly relevant when the DRC method has been used. Defines term depreciation in DRC valuations context.
520 ## - SUMMARY, ETC.
Summary, etc. Guidance Note previously published as part of RICS Valuation Standards UK.
590 ## - LOCAL NOTE (RLIN)
Local note KA
650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element DEPRECIATED REPLACEMENT COST
650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element RICS VALUATION GLOBAL STANDARDS
651 #4 - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name United Kingdom
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Valuation
9 (RLIN) 6273
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.rics.org/content/dam/ricsglobal/documents/standards/drc_method_of_valuation_for_financial_reporting_1st_edition_rics.pdf">https://www.rics.org/content/dam/ricsglobal/documents/standards/drc_method_of_valuation_for_financial_reporting_1st_edition_rics.pdf</a>
Public note pdf available on RICS.org
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/valuation-standards/depreciated-replacement-cost-method-of-valuation-for-financial-reporting">https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/valuation-standards/depreciated-replacement-cost-method-of-valuation-for-financial-reporting</a>
Public note DRC overview page
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Source of classification or shelving scheme Dewey Decimal Classification
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Date last seen Price effective from Koha item type
        London Virtual Online 08/04/2026   ONLINE PUBLICATION 08/04/2026 08/04/2026 Online material