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What is asset appraisal?
Asset evaluation refers to the process of assets evaluation and valuation by specialized agencies and personnel according to national regulations and relevant materials, according to specific purposes, following applicable principles and standards, following legal procedures and using scientific methods. [ 1]

Asset appraisal refers to the professional service behavior of the appraisal institution and its appraisal professionals to evaluate and estimate the real estate, movable property, intangible assets, enterprise value, asset loss or other economic rights and interests according to the entrustment, and issue an appraisal report. The Asset Appraisal Law of People's Republic of China (PRC) was adopted by the 21st meeting of the Standing Committee of the 12th NPC of People's Republic of China (PRC) on July 2nd, 20 16, and is hereby promulgated, and shall come into force as of February 0th, 20 16. [2][3]

Asset appraisal refers to the professional service behavior of the appraisal institution and its appraisal professionals to evaluate and estimate the real estate, movable property, intangible assets, enterprise value, asset loss or other economic rights and interests according to the entrustment, and issue an appraisal report. The Asset Appraisal Law of People's Republic of China (PRC) was adopted by the 21st meeting of the Standing Committee of the 12th NPC of People's Republic of China (PRC) on July 2nd, 20 16, and is hereby promulgated, and shall come into force as of February 0th, 20 16. [3]

Asset evaluation, that is, the evaluation of asset value form. It refers to the behavior that the assets at a certain time are evaluated and estimated by a specialized agency or a specialized appraiser, following legal or fair standards and procedures, using scientific methods and taking currency as a unified measure for calculating rights and interests.

According to the general consensus of academia and practitioners, asset appraisal can be expressed as follows: asset appraisal is the analysis, evaluation and estimation of asset value by professional institutions and personnel according to national laws and regulations and asset appraisal criteria, according to specific purposes, following evaluation principles, following relevant procedures, using scientific methods, and in accordance with prescribed procedures and standards.