What makes up a practices value?

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A practice has a value which is based upon the total value of its Net Assets.

THE TRUE WORTH OF ANY BUSINESS IS THE VALUE OF ITS ASSETS MINUS THE VALUE OF ITS LIABILITIES. Value=(A+B)-(C+D) Most of the above are not controversial when coming to produce a value, however the intangible value of the goodwill requires definite skills and a knowledge of the market to maximise its true worth.