No description available.

This research examines description in the office sector with particular reference to the city of Kuala Lumpur. Depreciation is typically considered implicitly in appraisal models. Furthermore, from the early 1990 until 1996, the impact of depreciation in the office market was largely hidden by high nominal growth in rents and capital values due to high inflation and high real growth. Improper analysis of depreciation may have potentially damaged property values and consequently mispriced the city's market. It is, therefore, important to analyse depreciation comprehensively to assess proper prices in the city's office market. This study is designed to achieve a better understanding of depreciation. The research proposes a statistical approach for modelling the impact of depreciation on the City of Kuala Lumpur offices and considers three major causes of depreciation; physical deterioration, building obsolescence and site obsolescence. Forty-nine offices which are located in the three commercial areas are selected. Data on property characteristics, tenure and values were analysed. Principal Component Analysis eliminates the problem of 'multicollinearity' which exists in the models with original variables, and summarises independent variables into a number of orthogonal factors which represent three sources of depreciation. An analysis of rental depreciation indicates that a combination of the three sources of depreciation is a better explanation of depreciation than 'age' alone. It shows that, despite the common suggestion that the level of depreciation changes markedly with building age, there is little evidence to conclude that these are strongly correlated. The findings of the analysis indicate that the relative rate of depreciation for offices in the City of Kuala Lumpur is dependent on changes to the functional specifications of the buildings. The faster the changes, the quicker the rate of depreciation. Finally, site obsolescence is shown to be less significant than functional specifications, especially in yield depreciation, in the case study area.

No description available.

Thesis (Ph. D.)--State University of New York at Binghamton, Department of Economics, 1997. / Includes bibliographical references.

Issued also as Thesis (Ph. D.)--University of Michigan. / Bibliography: p. 113-125.

Issued also as Thesis (Ph. D.)--University of Michigan. / Bibliography: p. 113-125.

Thesis (Ph. D.)--University of Wisconsin--Madison, 1963. / Typescript. Vita. eContent provider-neutral record in process. Description based on print version record. Includes bibliographical references.

Thesis (Ph. D.)--University of Pennsylvania, 1934. / On cover: University of Pennsylvania. Bibliography: p. 145-149.

M.Com. / This study examines the disclosure of depreciation in company financial statements. The following aspects were discussed: a) The nature of depreciation. Concepts for the measurement of depreciation can be 'classified under the following: depreciation as a process of cost allocation depreciation as a process of valuation depreciation as a reservation of funds for the replacement of assets. b) The measurement of depreciation. Both the depreciable amount ang the useful life of fixed assets are factors taken into consideration in the measurement of depreciation. The method applied in the measurement as well as the problems related to estimation are discussed. c) The revaluation of fixed assets. Maintenance of capital as the purpose of revaluation, the determination of such value and sUbsequent entry thereof into the financial records are contemplated. d) The disclosure fixed assets of depreciation and revaluation of in the financial statements of companies. The prerequisites according to generally accepted accounting practice are quoted and the application in practice of same subsequently viewed. The discussion clearly signifies that the relevant documents issued by the SA Institute of Chartered Accountants are clear and unambiguous. Yet, the requirements of disclosure contained in these documents are not adhered to in practice.

No description available.