| 000 | 01148cab a22002175a 4500 | ||
|---|---|---|---|
| 001 | L148781 | ||
| 008 | 091109s2009 xxk f 000 0 eng d | ||
| 035 | _a(Sirsi) u148781 | ||
| 041 | 0 | _aeng | |
| 100 | 1 | _aWyatt, Peter | |
| 245 | 0 | 0 | _aReplacement cost and market value |
| 260 | _c2009 | ||
| 490 |
_aJournal of Property Investment and Finance _v27(6) 2009, 593-602(10) |
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| 520 | _aIs the replacement cost method (RCM) compatible with a market basis of value? Several definitional and methodological problems arising from the current valuation standards and guidance relating to the replacement cost method (RCM) raise this question.The RCM is used to value properties for which there is no market. Market value assumptions do not hold in the case of the RCM. Requiring inputs to be based on market evidence is neither practicable nor sufficient justification to regard the output as market value. References. Further Reading. | ||
| 590 | _aKA | ||
| 650 | 2 | 4 | _aRICS VALUATION STANDARDS |
| 650 | 2 | 4 | _aINTERNATIONAL VALUATION STANDARDS |
| 651 | 4 | _aUnited Kingdom | |
| 690 | _aPROPERTY-PROPERTY VALUATION AND APPRAISAL | ||
| 942 |
_n0 _2ddc |
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| 999 |
_c81955 _d81955 |
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