Outside of the cost of real estate, plant and equipment is the biggest cost that a business has, and its most valuable asset as well. Whether you’re looking to get it valued for internal accounting purposes or because you intend to dispose of the equipment you have come to the right place.
With over 20 years of property valuation experience NT Valuers valuers have valued a huge assortment of plant and equipment including office equipment, furniture, vehicles, cranes, forklifts, power tools and scaffolding, plus many other things. Our considerable experience has given us a wealth of knowledge about asset values and what reduces or increases their value. We pay close attention to all the facets that influence the value of an asset such as its age, condition, how technologically advanced or limited it is and the value of comparable plant and equipment.
As with all types of assets NT Valuers plant and equipment valuers will use one of the following three methodologies to value your plant and equipment: The cost approach which is based on an assessment of the cost to create an equivalent piece of equipment;The income approach which is a calculation of the amount of income that the piece of equipment can generate;The market approach which is an estimation of the price that the asset could be sold for.
After the valuation is completed the NT Valuers valuer will give you one of three valuation totals: The equitable value. The equitable value is an estimation of the cost to transfer the plant or equipment to an informed and willing party.The fair value. The fair value is a determination based on the income that can be generated from the equipment.The market value. The market value is simply the amount that you could sell the asset for in an open and free market.
Our property valuers are diligent and professional in their plant and machinery valuation approach yet their service is offered at a very affordable and competitive price.
Whether you’ve got just a couple or a great deal of assets to be valued we are the preferred valuation service for many businesses because we treat all projects with the same professionalism. This professionalism has allowed us to build long relationships with our clients, some of whom have been using our valuation services for years.
If you would like to have a chat about our valuation services or book a valuation inspection give us a call on (08) 8911 1505.