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FVC1934
Impact of Economic Obsolescence on Valuations
Date
November 5, 2019
$49
Standard Price
This product is also available as part of the following products:
This includes sessions from the conference: Forensic & Valuation Services Conference 2019
ASC 820 Fair Value Measurements describes the cost approach to valuation as the cost to a market participant to buy an asset of comparable utility, adjusted for obsolescence. Financial valuation specialists in financial reporting often rely upon the work of experts in other disciplines, such as real estate appraisers. The financial valuation expert may encounter circumstances where the returns on assets may not be sufficient for the indicated value. In these circumstances, the financial valuation specialist and the real estate appraiser may consider the application of obsolescence on the fair value of the individual assets. In this session Mark will describe situations where application of economic obsolescence may be appropriate.
Learning Objectives
- Apply the concepts of obsolescence in using the cost approach in measuring fair value in financial reporting.
- Apply economic obsolescence to a specific asset.
Speaker
Mark L. Zyla, CPA, ABV, CFF
Managing Director, Zyla Valuation Advisors, LLC
General
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