This is a type of appraisal work where the going-concern values of personal property and intangible assets would be useful flit were possible to do so in a definitive manner.
This framework is comparable to one provided in Figure 2.1 of The Appraisal of Real Estate, 13th edition (Appraisal Institute, 2008, page 30), where the going-concern value of a business enterprise is divided between tangible property (composed of personal property and real property) and intangible property of various types.
In order to use the residual technique for estimating real property value, an appraiser of a going concern would need a definitive mechanism for estimating the going-concern value of the personal property, the going-concern value of the business intangibles, the net operating income for the overall property, the capitalization rate for the going-concern personal property, the capitalization rate for the going-concern business intangibles, and the capitalization rate for the going-concern real estate.
First, the lack of availability of good-quality care homes, particularly in the South-East of England, coupled with improved profitability has pushed up going-concern values
theories changes in firms' going-concern values and improvements
going-concern value, (12) and (4) any case in which the dynamic is
Liquidation values in bankruptcy plans may be understated, and going-concern values may be overstated, since a firm has an incentive to try to convince creditors that the firm is worth more alive than dead.
Going-concern values were estimated in one of two ways.
In fact, the real estate values are not different; use value and/or going-concern values are different.
Put another way, it is the going-concern value minus the owner's minimum equity.
Those opposing this position contend that an operating shopping center meets the definition of going-concern value: "created by a proven property operation."(3) This results from the synergy developed by numerous businesses in a finite and controlled marketing environment composed of real estate, its various management functions, ownership, labor, equipment, contracts, and other intangible assets.
The answers are most likely a combination of effects contributing to the mall's going-concern value.