Depending on client requirements, all basis of valuation can be undertaken.
Replacement Value: – For Insurance Replacement
Depreciated Replacement Value: –For Accounting and Balance Sheet Purposes.
Existing Use Value: – Transfer of Assets in a Going Concern Business.
Open Market/Fair Value: – Disposal/Acquisition of Assets/ Asset Finance
Forced Sale Value: – Auction Sale Values
Residual Values: – For Accounting Purposes
Remaining Life:– For Accounting/Depreciation Purposes.
When it comes to your business, at some point in time, you will probably need to know its value as well as the “true value” of your machinery and equipment. Business owners, bankers, attorneys, and courts all ask the same questions, “What’s it really worth? Is there goodwill? Etc.
Some of the reasons you will need a machinery or equipment appraisal are: