英文标题：
《Depreciation and the Time Value of Money》
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作者：
Brendon Farrell
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最新提交年份：
2018
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英文摘要：
Generally accepted depreciation methods do not compute the intrinsic value of an asset, as they do not factor for the Time Value of Money, a key principle within financial theory. This is disadvantageous, as knowing the intrinsic value of an asset can assist with making effective purchase and sale decisions. By applying the Time Value of Money principle to deprecation and book valuation, methods can be formulated to approximate the intrinsic valuation of a depreciable asset, which improves the capacity for buyers and sellers of assets to make rational decisions. A deprecation method is formulated within, which aims to better match book value with intrinsic value. While this method makes many assumptions and thus has limitations, more complex formulas, which factor for a greater number of variables, can be created using a similar approach, to produce better approximations for intrinsic value.
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中文摘要：
普遍接受的折旧方法不计算资产的内在价值，因为它们不考虑货币的时间价值，这是金融理论中的一个关键原则。这是不利的，因为了解资产的内在价值有助于做出有效的购买和销售决策。通过将货币时间价值原则应用于折旧和账面估值，可以制定出近似折旧资产内在估值的方法，从而提高资产买卖双方做出理性决策的能力。内部制定了折旧方法，旨在更好地匹配账面价值和内在价值。虽然这种方法做出了许多假设，因此有局限性，但可以使用类似的方法创建更复杂的公式（考虑了更多变量），以产生更好的内在价值近似值。
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分类信息：

一级分类：Quantitative Finance 数量金融学
二级分类：General Finance 一般财务
分类描述：Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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