资产评估益法公式及其习题总结.ppt

The applicable objects and condition A particular property is built on the government paid transfer of land development, land fixed number of year for 50 years, has been used for 10 years. The property under normal circumstances the annual net income of 200000 yuan, the capitalization rate is 10%, the profit for the price of real estateExpected an earning assets‘ incomes over the next five years is 80,000 yuan, 100,000 yuan, 130,000 yuan, 150,000 yuan and 200,000 yuan. after the 6th year, the annual revenue of 200,000 yuan, the discount rate is 8%. Earnings period is 35 years, using the income approach to determine the appraised value of the asset. A company acquisition of a excavator on June 1, 2003, Evaluators prepare for excavator to assess the value on 1 June 2006, Similar devices on the market transactions through understanding of the situation, Selection and evaluation of two similar devices as a reference, Data in the following table; Year prior to the valuation, the monthly price change of similar equipment, Average monthly increase of 0.5%, Functionality and price is directly proportional * * Income approach Basic conceptIncome approach normal net income of the future is predicted value object, then choose proper capitalization rate or return rate, income multiplier converts it to a value to calculate the estimated value of the object. Real estate future earnings can be accurately quantified Risk can be accurately quantified Applicable earnings or potential benefits of real estate Such as business, hotel, restaurant, office buildings, apartments, amusement parks, factories, farmland and other real estate For gains or potential gains are difficult to quantify the assessment of real estate prices is not applicableSuch as government offices, schools, parks, libraries, museums ， public real estate valuation Condition Applicable objects A—annual net earnings (assuming that occur at the end of the year) r — capitalization rate (discount rate) Benefits of