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.
BYU ScholarsArchive Citation
Heaton, Hal B., "On Valuing Negative Cash Flows Related to Contamination, Asset Removal, or Functional Obsolescence" (2005). Faculty Publications. 1009.
https://scholarsarchive.byu.edu/facpub/1009
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
Copyright Status
© 2005 University of Ulster.
Copyright Use Information
http://lib.byu.edu/about/copyright/