| Title |
A Study on Asset Valuation Method in Educational Facilities Delivered by BTL |
| Authors |
Lee, Young-Joo ; Soh, Ji-Yune ; Lee, Junbok ; Han, Choong-Hee ; Chae, Myung Jin |
| Keywords |
BTL project ; Educational facility ; Asset management ; Asset valuation |
| Abstract |
A number of BTL projects for educational facilities have been augmented because of the increase of newtown development and deflationary policy of class size for learning efficiency. As the operation and maintenance costs rapidly increase, the budget for operation and maintenance is expected to be short. Therefore the asset management maximizing asset value is required to clarify the budget plan and distribution and provide a qualitatively high service. The main objective of this research is to establish asset valuation process in educational facilities delivered by BTL project. In order to meet the research objective, the asset valuation process is established by literature reviews, expert advice, and lessons learned from the developed countries. The developed process includes depreciation by internal accounting law, the core element of valuation, and asset valuation process. The results of the research will be help to offer the qualitatively high service and explain the standard of budget plan. It will assist commencing the asset management system. |