专业英语第五辑 成本途径(二)

上辑主要从经济学的角度对成本途径及其适用范围进行讨论,本辑重点结合评估中的折旧和重置成本法等易引起误解的概念对成本途径进行诠释。

The cost approach considers the possibility that, as a substitute for the purchase of a given property, one could construct another property that is either a replica of the original or one that could furnish equal utility. One would normally not be justified in paying more for a given property than the cost of acquiring equivalent property, unless undue time, inconvenience, and risk are involved. In practice, the approach also involves an estimate of depreciation for older and/or less functional properties where an estimate of cost new unreasonably exceeds the likely price that would be paid for the appraised property.