You can order an independent appraisal of equipment. It will be conducted by qualified and experienced staff. The reports are prepared with the involvement of legal department lawyers, ensuring the documents are accurate and legally precise.
When Is Equipment and Machinery Appraisal Required?
An independent appraisal of the market value of equipment and machinery is necessary in various situations. It is required or recommended in the following cases:
- For credit institutions – to obtain a loan or improve its terms (lower interest rates, larger loan amount, no down payment, etc.);
- Property insurance of an enterprise – the insurance premium and compensation directly depend on its value;
- When buying/selling both property and the entire enterprise – justifies its value and prevents potential disputes and conflicts between the parties involved;
- For leasing or renting equipment and machinery;
- For revaluation of enterprise assets.
Equipment is considered movable property. It differs from real estate based on legal characteristics (Article 130 of the Civil Code of the Russian Federation). Its price changes constantly for various reasons, including depreciation, wear due to operation, as well as technological innovations and market changes. To determine the actual value of equipment at the time of a transaction or other legal relations, the involvement of qualified and independent experts is essential.
In addition to the cases mentioned above, equipment appraisal is required in the following situations:
- Property disputes;
- Decommissioning;
- Placing it on the enterprise’s balance sheet;
- During bankruptcy and liquidation procedures;
- Determining the amount of damage;
- For making management decisions;
- Customs value confirmation.
Another important task solved through appraisal is tax optimization. The conclusions of an independent and certified specialist who determines the value of equipment and machinery help reduce the enterprise’s tax base. Currently, equipment appraisal is the simplest and most effective way of optimizing a company’s tax obligations.
Features of Equipment and Machinery Appraisal, Its Objects
Determining the market value of equipment differs from other types of appraisals because specialists have to work with a variety of objects. They need to assess the value of a wide range of movable assets, including:
- Machinery, power machines, and technological lines;
- Household, computer, and office equipment;
- Transport and special machinery;
- Construction equipment;
- Warehouse and commercial equipment;
- Transformers and generators;
- Engineering structures;
- Other equipment.
When examining the appraisal object, specialists assess the value of similar types of equipment available on the market. They establish the wear of the object under study and the potential income that could be generated from its sale or use. The final value is formed after analyzing a comprehensive set of factors.
Stages of Work by Specialists at “BIG” Group
The market value appraisal of equipment conducted by our specialists includes the following stages:
- Client consultation in the office or over the phone. The potential client receives detailed answers from our specialists, clarifies the conditions of cooperation, and the cost of the service.
- Agreement on the terms of the contract (cost and timing), signing the contract after the client submits an application with the necessary documents.
- Determination and clarification of the place and time of the appraisal.
- Appraiser’s visit to conduct an inspection and assessment of the equipment and machinery.
- Preparation of the market value report of the research object.
- Delivery of the report to the client
