Keywords

negative cash flow, contamination, asset removal, functional obsolescence

Abstract

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.

Document Type

Peer-Reviewed Article

Publication Date

2005-09-01

Permanent URL

http://hdl.lib.byu.edu/1877/2706

Publisher

University of Ulster

Language

English

College

Marriott School of Management

Department

Finance

Included in

Finance Commons

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