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On Valuing Negative Cash Flows Related To Contamination, Asset Removal, Or Functional Obsolescence, Hal B. Heaton
On Valuing Negative Cash Flows Related To Contamination, Asset Removal, Or Functional Obsolescence, Hal B. Heaton
Faculty Publications
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.