The valuation of personal property, Practical Guidance

Personal Property is property that is not permanently embedded into the real estate, and can be moved, among other machinery and equipment, including all the rights, interests, and related benefits. 

Machinery and Equipment category, among others: 
 Factory, which joined the properties inherent or integral with the other properties, such as special buildings, machinery and equipment; 
 machinery, machinery individual or group of machines. The engine is a device used to a certain process in relation to an operating company and 
 equipment, other properties that are used to help operating companies. 

Machinery and Equipment characteristics, including: 
 It can be removed or relocated; 
 Depreciation on Machinery and Equipment greater than the depreciation on real property; 
 assessed as part of a unit or units operating as a unit for the individual are exchanged, in-situ or ex-situ and 
 used in a sustainable production, and more than one (1) the production period. 
Things that are done before the valuation of machinery and equipment, among other obliged Evaluation; 
 Knowing the purpose and objective valuation to determine the basis of the valuation and approach that will be used, this is associated with the valuation of machinery and equipment as one unit production costs such as foundation, installation, operation preparation, including other costs related; 
 Obtain a general description of the production process or the provision of goods or services from the Machinery and Equipment; 
 To identify machinery and equipment which includes the name of the machine or equipment, brand, type or model, capacity, and years and years of making use of, and other specifications; 
 Obtain information on the program of maintenance and condition of the machine and things that are needed; 
 Obtain information about the production capacity of the machine tools and conditions, economic or industry conditions; 
 Conducting estimation of the depreciation of machinery and equipment include the depreciation of physical, technical or functional obsolescence and economic obsolescence; 
 Assumptions about the status and conditions of the different properties or to a different destination, among others: Machinery and equipment assessed as one unit, in-situ or in place and part of the business; Machinery and Equipment votes in-situ or in place with the assumption that business stopped, or machinery and equipment assessed as a separate component to be moved from the original location. 
 Obtain information about: the limited resources available, or raw materials; the age of the building or the use of land and buildings that are limited from a factory, and government restrictions or environmental impact that could have influence the value of machinery and equipment. 
 classifying part of the machinery and equipment used for production as part of a unit or units operating business activities, as a special property or the property is not special. Property is a special property that has a unique, special nature and design, configuration and rarely sold in the market. For part of the machinery and equipment that are commonly used in industry or who have a function, I can not be classified as a special property; 
 obtain information about the status of ownership in the agreement made, in terms of machine components and equipment included in a financing agreement; 
 removing property from the valuation, in the case of a machine parts and equipment tied in the operating lease or a property owned by third parties; and 
 In the case of machinery and equipment moved, calculated the cost of compulsory discharge. For special interests, assessors calculate the cost of removal, the possibility of re-installation costs elsewhere, the cost of insurance and the parties which will bear these costs. 

The approach used in the valuation of the valuation machinery and equipment are: 
 Market Data comparison approach, produces a value estimate, through the comparison process transactions Machinery and Equipment of comparable, from the previously set price or bidding or selling price or the actual transaction. 
 Revenue approach, consider the income and costs associated with the Machinery and Equipment and to estimated assessed value through the process of capitalization. 
 cost approach; to estimated cost of machinery and other equipment that is a replica or substitution of machinery and equipment and have assessed the usefulness and quality comparable. For machinery and equipment used, compulsory depreciation calculated estimation. to estimated construction costs and depreciation based on the results of the analysis of construction costs and depreciation. Reproduction or replacement cost, new cost estimates for the reproduction or replacement item from a new valuation, based on market prices on the local valuation. Market value estimate, machinery and equipment depreciation to estimated determined by physical, functional obsolescence and economic obsolescence. 
 machinery and equipment included in the special types of properties valued on the basis of the value of Depreciation Cost Coverage , while machinery and equipment included in the special type of property is not assessed on the basis of market value. 
 In the case of machinery and equipment, which consists of a group evaluated that can be assessed based on market value and other groups classified as special properties of the first group must be assessed based on market value and the second group, based on the value Depreciation Cost Coverage. Addition overall value is not a market value but the value Depreciation CostCoverage.

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