MACHINERY & EQUIPMENT VALUATIONS
Machinery and Equipment appraisals can be completed on Commercial, Industrial, and Agricultural business items. We can provide numerous different appraisal values including, but not limited to market value, replacement cost new, reproduction cost, value in use, value installed, value to be removed, orderly liquidation, forced liquidation, salvage value, scrap value. We value items including, but not limited to:
Farm Machinery / Construction Equipment / Machine Shop Equipment / Rolling Stock (cars, pick-up trucks, semi trucks, trailers, fork lifts, etc.) / Aircraft / Plant Equipment (including conveyors, piping, etc.) / Office Equipment and furniture / Inventory
Machinery and Equipment Valuation Purposes
Obtaining a loan to assist your real estate purchase or renovation requires your financial partner to make lending decisions. The value of the real estate has an important role in whether the loan can be approved, the terms of approval, and the pricing. An informed decision to obtain an appraisal report helps both parties work together by bringing certainty to the property value.
When a claim is made, part of the process is the determination of the actual cash value of the equipment just before the loss was incurred. An appraisal can determine the value of the piece of equipment on the date of loss based on the condition of the equipment at that time.
Partnership Buyouts/Sale/Allocation for Revenue Canada purposes:
Having an accurate, unbiased value is essential to a fair buyout of a business, whether the sale is due to retirement, estate settlement, or just moving on to something different. It is also important that all parties agree on how much of the purchase price is for the land with buildings, and how much is for the equipment as Revenue Canada treats different classes of assets differently for taxation purposes.
In most divorce cases, the court won’t force the parties involved to “buyout” the other party’s interest, however they may order the sale of the home so each party gets an equal share of the equity. Regardless of the situation, it’s a good idea to order an appraisal so both parties are fully aware of what the current market value is.
In Manitoba, the courts rely on CRA or AACI appraisal reports to assist in making the important decisions needed to settle the estate. We complete these assignments for both individuals and law firms.