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Cost Approach to Value Methodology in the Era of COVID-19

 Part 1 – Calculating an Accurate Replacement Cost New

This article is the first in a two-part series.  It discusses steps that can be taken to improve the accuracy of “Replacement Cost New” (RCN) calculations when using the cost approach to value. In the second part of this series, I will discuss depreciation of assets.

Key Concepts in an Economic Damage Calculation

During 25 years of performing valuation work, I have been asked numerous times to perform an economic damages calculation or provide a rebuttal report of economic damages.  If a person is performing an economic damages calculation, it is imperative that he or she be very familiar with several key concepts of economic damages, and the criteria that must be included and met in order for a claim of economic damages.  While financial and valuation experts are not lawyers, the calculation of economic damages is not just a mathematical exercise.  Addressing key concepts such as causation, foresee

COVID-19 and its Effects on Commercial Real Estate

By now we all know that COVID-19 is an infectious disease caused by a newly discovered coronavirus.  It came to our attention in December 2019 when  clinicians in Wuhan, China notified public health authorities of a cluster of asymptomatic pneumonia cases, some with ties to a seafood market in the city.  Within weeks a novel coronavirus was identified and sequenced, with the sequence published online for use by other scientists and public health authorities globally.

Protective Claims for Refund from Potential Ruling on Affordable Care Act

The United States Supreme Court has agreed to hear the case of Texas V. United States, which could result in the determination that some or all parts of the Affordable Care Act ("ACA") is unconstitutional and may remove the entire legislation. 

When the ACA was enacted, several taxes were created. The specific ones applicable here are:

Are Your Books and Records Adding Value to Your Business?

Books and records. Bookkeeping. Accounting. Tax returns and quarterly filings. Business owners typically view these as required administrative duties and consider it an expense. Have you ever thought about your accounting systems as more than an expense, and how it may benefit you, above and beyond reporting numbers and forms?  

Cost Segregation

According to the American Society of Cost Segregation Professionals, a cost segregation is "the process of identifying property components that are considered "personal property" or "land improvements" under the federal tax code."

What does this mean?   

Typically, commercial real estate can be depreciated over a 39-year life. However, the IRS allows certain items, considered to be personal property, to be depreciated over a shorter life – five, seven, or fifteen years – thereby accelerating the depreciation of those assets.

Unemployment Fraud on the Rise as Jobless Claims Persist

The Labor Department’s latest jobless claims report showed that employees are still losing their jobs due to the COVID-19 pandemic, as another 1.5 million U.S. workers filed for unemployment this week. This is the thirteenth consecutive week that jobless claims have stayed above one million, and the 1.5 million number is higher than the 1.3 million jobless claims that economists had been anticipating.

What is the Small Business Reorganization Act?

On August 23, 2019, a relatively small twenty-two-page bill, known as the Small Business Reorganization Act of 2018 (“SBRA”), was signed into law by the President of the United States.

The law would become effective six months later, February 19, 2020, only weeks before a worldwide pandemic was announced, that would bring the US economy to a halt.

What is the Small Business Reorganization Act

Risk Assessments in Valuation: More to Think About in Valuations during the Period of COVID-19. Comments and Points on Article in AICPA Review

As an appraiser for 25 years, I have found it presently a challenging time to do valuations for clients.  An appraiser’s goal is to deliver credible, supportable valuations that reflect one’s best unbiased professional  opinion on the value of the subject interest or company.  How do we achieve this goal when we do not know when the world will normalize from COVID-19?