Join! it's $20

33. How would the value of an asset be determined?

33. How would the value of an asset be determined?

Answer

It’s the depreciated value so for businesses that’s easy - the same way as they do it now. For households the main asset is the house - we have market values, RVs and insured values. So long as councils get their act together then RVs will become more tractable and so between the 3 alternatives you can triangulate to get a value. Or you could just opt for the RV which I’m sure will have overs and unders over time compared to realised sales figures.

Be the first to comment

Sign in with

Or sign in with email

    Please check your e-mail for a link to activate your account.