Question 1

What is the main purpose of the valuation process?

Accepted Answer

The main idea behind the valuation process is to find an accurate estimate for the value of assets that a business owns. A valuation can prove to be helpful when it comes to buying or selling assets.

Question 2

What do valuation services do?

Accepted Answer

Valuation services determine the value of assets of a business for purposes such as mergers, acquisitions, taxation, compliance, financial reporting, and dispute resolution.

Question 3

What is an asset valuer?

Accepted Answer

An asset valuer is a certified professional who specialises in determining the value of an asset. The asset can be the buildings owned by a business, the equipment, and more.

Question 4

What is the importance of the valuation of assets?

Accepted Answer

Asset valuation helps find the right price for buying or selling an asset. It is a beneficial process for both buyers and sellers as it helps them get a fair deal for the selling or purchasing of assets.