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Asset Valuation Guide
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Chapters
1. Introduction
1.1 Background
1.2 Scope and Organization
1.3 Intended Audiences
1.4 Ways to Use This Guide
2. Asset Valuation Framework
2.1 Asset Valuation and Asset Management
2.2 Defining Asset Value
2.3 Steps in Calculating Asset Value
2.4 Relationship to Accounting Standards
3. Asset Value Scope
3.1 Identify the Asset Value Driver
3.2 Review Data Availability and Quality
3.3 Establish the Asset Hierarchy
3.4 Determine the Need for Componentization
4. Initial Asset Value
4.1 General Guidance
4.2 Alternative Approaches
4.3 Examples
4.4 Practice Assessment
5. Treatment Effects
5.1 General Guidance
5.2 Recommended Steps
5.3 Examples
5.4 Practice Assessment
6. Depreciation
6.1 General Guidance
6.2 Recommended Steps
6.3 Examples
6.4 Practice Assessment
7. Measure Calculation
7.1 Calculating Value for Groups of Assets
7.2 Preparing Financial Statements
7.3 Asset Value-Related Measures
7.4 Practice Assessment
8. Using Asset Value to Support TAM Decisions
8.1 Applications of Asset Value
8.2 Guidance for Applying Asset Value to Support TAM
8.3 Practice Assessment
9. Case Studies
9.1 Valuing Highway Assets Based on Cost and Market Perspectives
9.2 Valuing Transit Assets Using a Cost Perspective
9.3 Valuing Highway Assets Based on an Economic Perspective
9.4 Calculating Asset Value for Pavement Base and Surface in a Midwestern Agency
9.5 Comparing Pavement Valuation Based on Condition vs. Age in a Southwestern Agency
9.6 Calculating Asset Value for Assets with Varying Levels of Data Availability in a Western Agency
9.7 Comparing Bridge Valuation Using Three Depreciation Approaches in a Northwestern Agency
9.8 Using FHWA BIP Tool Data to Develop Bridge Deterioration Curves
9.9 Valuing a Bridge Using the Economic Perspective in an Eastern Agency
9.10 Valuing Pavement Based on Condition in a Metropolitan Agency
9.11 Calculating Vehicle Asset Value Using the Market Perspective
9.12 Valuing Highway Assets Using the Economic Perspective in a Western Agency
9.13 International Case Studies
Appendix A
Appendix B
Calculation Steps
Calculation Steps
Step 1: Define the Analysis Scope
Step 2: Establish Initial Value
Step 3: Determine Treatment Effects
Step 4: Calculate Depreciation
Step 5: Calculate Value and Supporting Measures
Step 6: Communicate and Apply the Results
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35
Posted on
November 11, 2021
(April 21, 2022)
by
asmith_3sBu5
Post navigation
36
37
The web version of
A Guide to Computation and Use of System Level Valuation of Transportation Assets
is a product of NCHRP Projects
23-06
and
20-44(46)
. Results of the research are available in
NCHRP Web-Only Document 335
.
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