9. VPS 3 - Valuation approaches and methods

Question 1

What is VPS 3?

Answer 1

Valuation approaches and methodologies

Valuers are responsible for adopting, and justifying, the valuation approach(es) and method(s) used for a valuation

Valuation approaches

1) Market - Comparable
2) Income - Profits, Investment, Residual
3) Cost - DRC