Triggered upon comments from couple of fellow bloggers, Musicwhiz, GMGH, Richard and Jason in the previous post, I went to read further on Greenwald's take on reconstructing the book value using a Reproduction Cost Basis methodology which I will talk in detail in this part 2 series of valuing assets and how when combined with other earnings metrics such as EPV which he favored (which I will talk in part 3 of the sequel later) more than the DCF method, this could become a powerful valuation method. This will be a rather long post because I will explain each balance sheet item but if you can stay till the end, you probably will think behind the reason for doing so and can help you in your future asset valuation. I certainly learnt a lot just by doing this. The idea for this type of asset valuation is to ......