PURPOSES : This study attempts to reveal the limitations of the current asset valuation methods for road infrastructure, based on national accounting standards. We proposed novel asset valuation methods, namely; the nearly land price and ratio-based method(NLP&R), and the consumption-based depreciation method(CBD). In addition, we verified the possibility of application through the research on the road network of Daejeon Metropolitan City.
METHODS : This study proposes a novel re-evaluation method for road facilities. Regarding land, the authors proposed calculating the asset value, using the arithmetic average of the publicly announced land price of nearby land, located on both sides of the road section. For structures, a consumption-based depreciation(CBD) method that reflects the current condition level of structures was proposed.
RESULTS : Owing to the application of the evaluation method for the current guidelines, land value was evaluated at 0.84-8.12 trillion won, pavement value at 8.75 trillion won, tunnel value at 0.26 trillion won, and bridge value at 2.09 trillion won. Owing to the application of the novel evaluation method proposed in this study on road facilities of Daejeon City, land value was estimated at 6.96 trillion won, tunnel value at 0.28 trillion won, and bridge value at 2.40 trillion won.
CONCLUSIONS : We discovered that four current evaluation methods for land prices have some limitations that were over-or underestimated. However, in the case of the novel evaluation method proposed in this study, the value of land assets was estimated at 6.96 trillion won, by applying the nearly land price and ratio-based method. The road pavement was evaluated at approximately 8.75 trillion won, by applying the newly calculated re-procurement cost per unit in 2019. Bridges and tunnels using the new evaluation method were evaluated to be higher than the existing evaluation methods, because the current damaged condition of the facilities was reflected in the valuation. It was concluded that the proposed method is more objective and reliable than the current evaluation methods.

ABSTRACT
1. 서론
2. 자산가치 평가 현황
    2.1. 국외 현황
    2.2. 국내 현황
3. 도로자산의 가치 평가
    3.1. 기존 자산가치 평가 방법
    3.2. 자산가치 평가 방법 제안
4. 대전광역시 도로시설물의 자산가치 평가
    4.1. 토지의 자산가치 평가
    4.2. 구축물의 자산가치 평가
5. 결론 및 향후 연구
감사의 글
REFERENCES

• 도명식(한밭대학교 도시공학과 정교수) | Do, Myung Sik 교신저자
• 송현엽(한밭대학교 도시공학과 석사과정) | Song, Hyun Yeop