EVS 875-8:2007

The standard series EVS 875 applies to property valuation. These standards are to be used for valuation activitises and using valuations, especially for activities dealing with lending and financial reporting. The users of these standards are real estate specialists, construction specialists, environment specialists, financial reporting specialists (accountants, auditors), credit institutions, higher edukation institutions. These standards create a basis for unified approach to property valuation, satisfying the needs of private and public sector. EVS 875-8 gives the objectives and possibilities of using the cost approach. It covers the valuation of land and buildings, finding the depreciation and separating the value of land and buildings.