In general, going-concern value refers to the total value of a property, including both the real property and the intangible personal property, attributed to business enterprise value (assuming the business owns the real and intangible property). For real estate appraisers, the American Society of Appraisers has a new “RP-400 Going Concern Appraising for Real Estate Appraisers, Case Studies” course, which has received approval from The Appraisal Foundation (TAF). Plans are underway to obtain state approvals and schedule upcoming classes at various locations. ASA members currently holding the ASA-Real Property designation will now be able to add an Appraisal Specialty in Going Concern.
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