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Valuing heritage assets 'might cost us millions'
By Jonathan Pearson, Third Sector, 11 April 2007
Charities are warning that it could cost them millions of pounds to comply with the latest proposals from the Accounting Standards Board for the valuation of 'heritage assets' such as buildings, land and paintings.
The board dropped an earlier proposal that charities should value all their heritage assets and now says it should be done "collection by collection" if practicable. Heritage assets are currently valued only if recently acquired. The new proposal met a sceptical response at a recent meeting held by the Charity...
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