On June 10th, The Appraisal Foundation (TAF) released its 40-page Discussion Draft on Best Practices for Valuation in Financial Reporting: The Identification of Contributory Assets and the Calculation of Economic Rents.  The Draft is posted to TAF’s homepage www.appraisalfoundation.org in the "News" section of the page. 

This document is intended to present preferred methods of addressing certain situations in the valuation of intangible assets using the Multi-Period Excess Earnings Method. However, these are not intended as standards; facts and circumstances may indicate departure from the recommendations of this document.

TAF is asking that all interested parties provide comments on this Draft by July 22, 2008 by sending feedback to commentsCACs@appraisalfoundation.org.  All written comments will be posted on TAF’s website for public viewing.  If you have any questions about the Draft, contact TAF’s Executive Administrator Paula Douglas at paula@appraisalfoundation.org.