RICS Knowledge Services Catalogue Search for 'su:"RICS VALUATION GLOBAL STANDARDS"'

Depreciated replacement cost method of valuation for financial reporting

London, RICS, 2026 , 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. 9781783213290

Depreciated replacement cost method of valuation for financial reporting

London RICS 2018 , Note this was reissued with the same ISBN and edition number in April 2026 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. 9781783213290