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Valuing access roads as an asset

  • 1.  Valuing access roads as an asset

    Posted 11 days ago
    When  revaluing assets, should the land on which the road sits be taken into account in the fair value, in the same way that the land on which a building sits is part of the asset value? Or should the road not be considered as an asset in itself because it is already giving value to the building (or any other infrastructure such as a quay) which it serves?

    Thanks for your valuable comments

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    Dharmanand Sooredoo
    Mega Design Ltd, Consulting Engineers
    Quatre Bornes
    Mauritius
    megadesign@intnet.mu
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    Pro Cert 2


  • 2.  RE: Valuing access roads as an asset

    Posted 10 days ago
    Both are usually valued - land under a road is valued separately from the built road asset. The ownership or control of the land under the road would need to be determined. Refer to:
    https://www.aasb.gov.au/admin/file/content105/c9/AASB1051_12-07_COMPdec13_01-14.pdf
    And for local government:
    https://www.olg.nsw.gov.au/council-circulars/governance/09-25-land-under-roads/



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    GrantSheldon
    Sheldon Consulting Pty Ltd
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    Pro Cert 2