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Equipment appraisal is the process of determining the value of equipment or machinery for various purposes, such as Sale, Mortgage including Taxation, Insurance, Litigation, and Financial Reporting. There are several methods of equipment appraisal that are commonly used.
Market Approach
The market approach is a method of equipment appraisal that estimates the value of the equipment based on its market value. This approach involves looking at the prices of similar equipment in the market and adjusting the value for any differences between the two.
The market approach is particularly useful for equipment that is commonly bought and sold on the market.
Cost Approach
The cost approach is a method of equipment appraisal that estimates the cost of replacing the piece of equipment with a new one. It involves evaluating the current market value of the equipment and adjusting it for depreciation.
The cost approach is most commonly used for equipment that is relatively new and has not undergone significant wear and tear. The cost approach is particularly useful when appraising specialized equipment that is difficult to find on the market.
Income Approach
The income approach is a method of equipment appraisal that estimates the future income generated by the equipment. This approach is particularly useful for equipment that generates revenue, such as production machinery or rental equipment.
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Frequently Asked Questions
What are the places that you conduct appraisal ?
We do appraisal and valuation services in the city of Cebu and nearby cities and provinces in Visayas and Mindanao
What do you appraise ?
We appraise all kinds of real estate properties, machinery and equipments.
How much do you charge ?
It depends on the location, number and kind of machinery and equipments
How many days you can submit an appraisal report ?
We can submit an appraisal report from 10 to 15 days after the actual inspection
Have additional inquiries? Call us @ 0917.553.2211
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