Abstract
European valuation standards TEGoVA have conception for valuation of intangible assets and they formed to conform to International valuation standards (IVS) also to reach worldwide consensus in best practices in valuation process. The process of valuation of intangible influences was also surveyed in China, Hong Kong, USA, Canada, Japan, Germany, UK, Poland, Russia and overall in the Europe. Situation in mentioned locations is similar, valuation of intangible influences has not been determined by a concrete list of items and there has not been established concrete clear process. The subject matter of this paper is a proposal for a method of valuation of intangible effects that will impact assets prices. It deals with proposed procedures for valuation of intangible assets. Special effects are in particular name, historical value, design, quality of layout, security aspects, accessibility, and conflict groups of inhabitants in or near the property, location, provenience and other.
Highlights
Valuation of intangible assets in the European Union include certain specifics compared to cost assets (Brachmann 1993, Eurostat 1998-2016)
European valuation standards TEGoVA have conception for valuation of intangible assets and they formed to conform to International valuation standards (IVS) to reach worldwide consensus in best practices in valuation process
New software is designed for asset valuation using the methods of cost, yield and comparative value with the special feature that allows the division of assets, including real estate on tangible and intangible parts
Summary
Valuation of intangible assets in the European Union include certain specifics compared to cost assets (Brachmann 1993, Eurostat 1998-2016). The specifics should be considered in the methodology and in final price (Seabrooke, Kent, Hwee 2004). There exists a basic consensus in the way of tangible assets evaluation, in the case of intangible assets there is not. Aim is to introduce the scientific public with a different view on the essence of valuation (Shetty 1995). New software is designed for asset valuation using the methods of cost, yield and comparative value with the special feature that allows the division of assets, including real estate on tangible and intangible parts. The software calculates enter information separately goodwill or badwill (Kulil 2015)
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