The appraisal of Equipment can cover the gamut of many thousands of different types and sizes. Equipment can generally be divided into one of two different types, real property or personal property. While it may come as a surprise to some, much of the property existing today in factories and plants are real property. Given that the definition of real property includes the requirement that the property be permanently affixed to the ground, much processing Equipment found in factories falls into this category. In some cases, Equipment is part of the structure of a building and cannot be sold without demolition. In such a case the Equipment typically has more value in place.
Equipment is typically valued using different value definitions. Market Value may be used for an item of portable Equipment such as a vehicle which is personal property and may be sold whole. In Place Market Value would typically be used to appraise the Equipment as part of an entire real property appraisal. Salvage Value is typically used when a portion of an item of fully depreciated Equipment can be sold, such as the motor out of a larger item of Equipment. Scrap Value may be employed to address the value of materials extracted from fully depreciated Equipment, such the extraction of copper from disused Equipment. Both Salvage Value and Scrap Value may be used in connection with evaluation of existing real or personal property. Once the salvaged materials or scrap materials are removed from the larger item of Equipment, they become personal property if they were not already.
ELLIOTT® is able to assist the client in determining the type value it should seek and that of a scope of work necessary to solve the problem at hand. Assignment to appraisers without the proper terminology may result in a flawed project. We appraise Equipment anywhere in the United States.
Aircraft appraisals and valuation look at make, model, demand, and age of an aircraft or fleet of aircraft to determine its current market value.Read More
Construction equipment appraisal and valuation can include personal property like paving equipment, bulldozers, cranes, earth movers, or any heavy construction equipment.Read More
Marine vessel surveys or marine vessel evaluations cover a wide range of vessels from small to large and include inspection and valuation of all systems including propulsion.Read More
Mining equipment appraisal of personal or real property such as trucks, grinders, crushers, kilns and the valuation of mining property.Read More
Processing equipment appraisal and industrial equipment appraisal can include valuation of furnaces, kilns, grinders, mixers, and other built-in-place equipment.Read More
Railroad equipment appraisals and valuation of rolling stock or railroad cars may often require travel to inspect and appraise.Read More
Road vehicle appraisals are for any personal property that is driven over the road and can include dump truck appraisal, cement truck appraisal, tractor trailer appraisal, or fleet appraisals to cover the entire fleet for your business.Read More
Storage equipment appraisal and valuation may include bulk storage, commodities storage and fuel tanks.Read More