The valuation of machinery and equipment represents the cost of the whole range of movable property. It includes the assessment of machine tools, appliances, construction machinery, lifting and transport equipment, technological complex and lines, power units, office equipment, furniture, household items, and other objects that relate to movable property.
The need for machinery and equipment assessment occurs when this equipment or machines become objects of any operations and transactions. Also this may be the insurance of the property, the revaluation of the fixed assets, etc.
It should be noted that machines and equipment, as a rule, are characterized by a large number of different options and variety of nomenclature. Fair market value of machinery and equipment is a complex and unique process, because often in the evaluation process it is impossible to find identical analog to the evaluated object.
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