negative cash flow, contamination, asset removal, functional obsolescence
Appraisers are frequently faced with having to value future expected negative cash flows. This article will demonstrate that valuing negative cash flows requires a different approach from valuing positive cash flows. The concepts of valuing remediation costs, asset removal costs, and other types of functional obsolescence will be used to illustrate this concept.
Original Publication Citation
H.B. Heaton. "On Valuing Negative Cash Flows Related to Contamination, Asset Removal, or Functional Obsolescence," Journal of Property Tax Assessment and Administration, Volume 2, #4 (Fall 25), pp33-41.
BYU ScholarsArchive Citation
Heaton, Hal B., "On Valuing Negative Cash Flows Related to Contamination, Asset Removal, or Functional Obsolescence" (2005). All Faculty Publications. 1009.
University of Ulster
Marriott School of Management
© 2005 University of Ulster.
Copyright Use Information