How would the value of an asset be determined?

How would the value of an asset be determined?

How would the value of any asset (not just houses) be determined x years after aquisition?

Official response from completed

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. 

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  • Gareth Morgan
    responded with completed 2016-12-12 10:10:27 +1300
  • Tristan Kiddie
    tagged this with i have the same question 2016-12-10 14:25:15 +1300
  • Oliver Krollmann
    followed this page 2016-12-10 11:25:26 +1300
  • Henry Johnson
    published this page in Ask a question about policy #1 2016-12-10 04:31:33 +1300