What are the main characteristics of the three basic methods of asset appraisal?

The main features of the three basic methods of asset appraisal are:

1. The market method determines the value of the reference object according to the adjusted transaction price.

2. The cost method is to determine the value of the appraised assets based on the cost.

3. Income method is to determine the value of assets to be evaluated according to their future income.

Income method: refers to all kinds of evaluation methods to judge the value of assets by estimating the present value of the expected future income of the assets being evaluated. It follows the idea of seeking profit and capital in asset appraisal, that is, capitalization and discount are used to judge and estimate asset value.

Cost method: refers to all kinds of evaluation methods that estimate the replacement cost of the appraised assets first, then estimate the derogatory factors of the appraised assets, and deduct the value of the appraised assets from the replacement cost.

Market method: based on the transaction price of the reference object, considering the differences between the reference object and the appraised object in functions, market conditions, sales time, etc., and adjusting and estimating the value of the appraised object through comparative analysis and quantification of the differences.