Asset Valuation is the process of determining the worth of an asset, which can include physical items like real estate or intangible assets like patents. This evaluation helps individuals and businesses make informed decisions about buying, selling, or investing in assets. Various methods are used for Asset Valuation, including the market approach, income approach, and cost approach. Each method considers different factors, such as current market conditions, potential income generation, and the cost to replace the asset. Accurate valuation is essential for financial reporting, investment analysis, and strategic planning.