Incorporating Asset Valuation into Transportation Asset Management Financial Plans
The final report in the Asset Management Financial Report Series covers asset valuation and depreciation for TAM. Asset value is commonly used in the UK and Australia to capture and convey meaning from asset condition and age. It demonstrates the benefit an asset brings to society, while depreciation acknowledges the costs. Through this report, asset value is explained and its potential uses are displayed; examples are provided from states with exemplary practices and other potential uses are offered.