There are several reasons to have a Certified Machinery & Equipment Appraisal performed. Some are listed below:
- When applying for a loan using equipment as collateral
- As part of a Buy/Sell agreement
- Tax purposes
- Divorce settlements
- Selling a business
- Having a business appraised
The book value of the equipment owned, as listed on a balance sheet, does not accurately reflect the fair market value of the individual items. Often, equipment is used for much longer than its depreciable life. This means that while the book value may be listed at or near $0, if the assets are still used to generate income for the Company, they still have value. However, their current fair market values most likely will be somewhat less than their replacement values. Shawn Hyde, CBA, CVA, CMEA is a Certified Machinery and Equipment Appraiser. Contact him should you have any questions relating to the valuation of machinery and equipment assets.
- When applying for a loan using equipment as collateral
- As part of a Buy/Sell agreement
- Tax purposes
- Divorce settlements
- Selling a business
- Having a business appraised
The book value of the equipment owned, as listed on a balance sheet, does not accurately reflect the fair market value of the individual items. Often, equipment is used for much longer than its depreciable life. This means that while the book value may be listed at or near $0, if the assets are still used to generate income for the Company, they still have value. However, their current fair market values most likely will be somewhat less than their replacement values. Shawn Hyde, CBA, CVA, CMEA is a Certified Machinery and Equipment Appraiser. Contact him should you have any questions relating to the valuation of machinery and equipment assets.
Phone: (208) 749-3116 - Email: [email protected]
Mailing Address: P.O. Box 5197 - Twin Falls, Idaho 83303