New federal appraising standards

The order of the Ministry of Economic Development of the Russian Federation dated 17.11.2016 № 721 approved the Federal appraising standard "Determination of salvage value (the FAS № 12)", determining requirements to determination of salvage value and a condition of its application.

The federal appraising standard is applied, in particular, in cases of: holding the procedures applied in the case of bankruptcy; during executive production; in case of examination of programs of reorganization of the organizations; in property appraising cases for the purposes of pledge and so forth.

The order of the Ministry of Economic Development of the Russian Federation of 17.11.2016 № 722 approved the Federal appraising standard "Determination of investment cost (the FAS № 13)" which establishes requirements to determination of investment cost. In case of determination of investment cost the amount of money reflecting useful effect of use of an object of appraising for the particular person or a group of persons in case of the established investment purposes of use of an object of appraising is calculated.

The investment purposes are understood as the purposes of the particular person or a group of persons directed to achievement of a certain useful effect of use of an object of appraising and caused by properties of this object.