An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date and assuming that the business earnings support the value reported, without verification.
The underlying theme and elements of the definitions presented here are based in standard appraisal theory. Many terms are used to describe various thoughts or premises of value.
These definitions are offered to provide fundamental value concepts – they are not the only acceptable definitions available. Contracts or jurisdictions may dictate somewhat different philosophies; therefore, these definitions may be expanded or refined as the purpose and function of an appraisal dictate, as long as the fundamental concepts are not altered. In some cases, the laws of a country, state, region, or regulatory agency may require other terms, which would take precedence over the definitions shown here.
出典：ASA
✅ ポイント
- Continued Use → 資産が現事業で継続的に利用されることを前提。
- Assumed Earnings → 事業の収益がその価値を支えていると「仮定」する（ただし実際に収益を検証はしない）。
- → 実務的には「収益の裏付けがある」と仮定した便宜的な評価。
👉 言い換えると：
「事業が稼げていることを前提に、その資産の公正市場価値を推定したもの。ただし実際に収益分析まではしていない評価」 です。