Methods that have been used to provide a valuation of heritage assets include:

Question

Quizplus · Accepted Answer

Both the contingent-valuation method and the travel-cost method have been used to provide a valuation of heritage assets. The contingent-valuation method involves asking individuals to state their willingness to pay for the preservation of a heritage asset, while the travel-cost method looks at how much people are willing to pay to visit the site. Additionally, adjusting the market values of nearby privately held properties can also provide insight into the value of the heritage asset. Therefore, the best choice is D, which includes both the contingent-valuation and travel-cost methods, as well as adjusting market values. The net present value of the adjusted cash-flow method and the arbitrary allocation of cost method are also used, but not as commonly as the other methods mentioned.

Methods That Have Been Used to Provide a Valuation of Heritage