State-owned assets appraisal refers to the assessment and estimation of state-owned assets at a certain point in time, and the methods of state-owned assets appraisal are commonly used in the present value of earnings method, replacement cost method, current market price method and liquidation method.
1. Present value of income method.
The present value of the asset is calculated based on the reasonable expected profitability of the asset being assessed and the appropriate discount rate, and the revaluation value is assessed accordingly. It is applicable to the asset valuation of changes in the property rights of enterprise assets; asset valuation for the purposes of real estate and natural resources business; Valuation of assets for the purpose of transfer and investment of intangible assets.
Applicable conditions: The assessee must be an operating asset and have the ability to make a continuous profit. An asset to be assessed is an individual asset or an asset as a whole whose future earnings can and must be measured in monetary terms. The future operational risk assumed by the property owner must also be measured in monetary terms, and the present value of earnings method can only be used to value the asset if the above conditions are met.
2. Replacement cost method.
The revaluation value is assessed based on the replacement cost of the asset in a brand new situation, minus the accumulated depreciation of the useful life calculated at replacement cost, taking into account factors such as changes in asset functions and the rate of newness; Or according to the useful life of the asset, considering the change of asset function and other factors, the re-determination rate is re-determined, and the revaluation value is assessed. Applicable to individual assets that can be reproduced, renewable, rebuilt and purchased, with tangible and intangible wear and tear characteristics; rebuildable, acquireable monolithic assets; There is no profit, and it is difficult to find a trading reference in the market.
Applicable conditions: The purchaser does not change the original use of the object of the proposed transaction. The physical characteristics, internal structure, and functional utility of the assessee must be comparable to the assumed, reset, brand-new asset. The appraisal object must be reproducible and reproducible, and the appraisal object that cannot be reproduced and replicated cannot be reproduced using the replacement cost method. The object of valuation must be an asset that has become obsolete and depreciating over time, otherwise it cannot be valued using the replacement cost method.
3. The current market price method.
Refers to the assessment of revaluation value with reference to the market** of the same or similar assets. It is mainly used in areas where the real estate market is well developed and there are sufficient examples of alternative land transactions. In addition to being directly used to assess the value or value of land, the comparative method can also be used to obtain relevant parameters in other valuation methods.
Applicable conditions: a fully developed and active real estate market. In the real estate market, the more frequent the real estate transactions, the easier it is to obtain real estate that is similar to the object of valuation.
4. Liquidation method.
It refers to the assessment of the revaluation value based on the realizable value of the assets of the enterprise at the time of liquidation. It is mainly used for enterprise bankruptcy, mortgage and liquidation.
Applicable conditions: Bankruptcy settlement documents or mortgage contracts and other valid documents with legal effect. Assets can and must be realised quickly in the market as a whole or in fractions. The proceeds from the sale are sufficient to compensate for the total additional expenses of the ** asset.
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