Konstantinos P. Pallis MEng DEA REV, Chairman of the PME Valuation Standards Board and Member of the Board of TEGOVA said "In this book, concepts such as ‘fixed assets’ and ‘in situ’/’ex situ’ values, scrap value and the three types of obsolescence (technological, functional and economic) and many more particular to PME are defined and standardised, in order to set a common language for valuation practice in the European Union, the European Economic Area, candidate EU member states and EU-associated and Neighbourhood countries.
