2. STEP BY STEP GENERAL APPRAISAL GUIDANCE
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2.5 STEP FIVE: Identify and Quantify the Monetary Costs and Benefits of Options
2
.5 STEP FIVE: Identify and Quantify the Monetary Costs and Benefits of Options
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The Relevant Costs and Benefits
Principles of Cost Measurement
Total Versus Incremental Costing
Treatment of Taxes and Subsidies
Treatment of Transfer Payments
Estimating the Value of Benefits
Cost Savings, Efficiency Improvements and Redundancies
Adjusting for Displacement
Multiplier Effects
Appraisal of Land, Buildings and other Assets
The Acquisition and Disposal of Assets