000			02132cab a22003015a 4500
001			L160194
005			20260408103347.0
008			260408e2026 xxk 000 0 eng d
020			_a9781783213290
035			_a(Sirsi) u160194
041	0		_aeng
110	2		_aRICS Valuation Professional Group _96213
245	0	0	_aDepreciated replacement cost method of valuation for financial reporting _h[electronic resource]
250			_a1st ed
260			_aLondon, _bRICS, _cApril 2026
490			_aRICS Practice Guidance
500			_aNote 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			_aFocuses 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			_aGuidance Note previously published as part of RICS Valuation Standards UK.
590			_aKA
650	2	4	_aDEPRECIATED REPLACEMENT COST
650	2	4	_aRICS VALUATION GLOBAL STANDARDS
651		4	_aUnited Kingdom
690			_aValuation _96273
856	4	0	_uhttps://www.rics.org/content/dam/ricsglobal/documents/standards/drc_method_of_valuation_for_financial_reporting_1st_edition_rics.pdf _zpdf available on RICS.org
856	4	0	_uhttps://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/valuation-standards/depreciated-replacement-cost-method-of-valuation-for-financial-reporting _zDRC overview page
942			_n0 _2ddc
999			_c122342 _d122342