Plant & Equipment Valuation
When a business needs a full assessment of all tangible assets, then a plant and equipment valuation is the exact report they need. This comprehensive service can be invaluable to business owners and their investors.
Of course, you need to search through the many plant and equipment valuers in Melbourne to find one you can trust to produce a reliable report.
What is a Plant & Equipment Valuation?
Plant and equipment valuations examine all tangible assets of a business or organisation to determine their total worth. Tangible or fixed assets that may be valued include:
- Vehicles
- Appliances
- Machinery
- Technology
- Property
These items vary greatly from industry to industry, and business to business. As such, your plant & equipment valuer must be experienced with your specific trade and related assets. This will provide the most precise valuation that is best suited for your business needs.
How can a Plant & Equipment Valuation help my business?
There is no one purpose for a plant and equipment valuation as it is can be used in a variety of ways. This includes general asset management and assessing your company’s financial position. All in all, having a current valuation of your assets can be highly beneficial for your business.
Benefits of a plant & equipment valuation include:
- Having an up-to-date record of your assets
- Knowing the current condition of your assets
- Being able to adequately insure your equipment and property
- Being able to better plan for repairs, replacements, and obsolescence
Of course, how a valuation was prepared and for what purpose also determines what you can get out of a report.
What is an Asset Register Valuation?
Asset registers are essential for businesses of any size. It is a single document of the complete list of a business’s fixed assets. This is needed in many scenarios including taxation. To ensure that this document is correct and up to date, you may need to order an asset register valuation.
Asset registers include many details including:
- Date of purchase and price
- Warranty information
- Estimated remaining useful life
- Salvage value
That last detail is the main concern of a valuation. As fixed assets are physical items that are used in day-to-day business operations, they will eventually reach an end to their useful life. This can be due to poor maintenance, usual wear and tear or perhaps technical obsolescence, amongst other things.
Salvage value is the estimated monetary amount an asset could be sold for when it reaches the end of its useful life. This is key to preparing for this eventuality.
Why choose us?
We have a reputable team of Certified Practising Valuers of Plant & Machinery. This is the official API certification for plant and equipment valuers.
Each valuer has been performing valuations for over 20 years. Assisting companies within the following industries:
- Agriculture
- Healthcare
- Mining
- Media
- Logistics
With Melbourne Property Valuers Metro, you will have the added advantage of a valuer with experience and specialised expertise.
Frequently Asked Questions
Q: What is plant and equipment valuation?
A plant and equipment valuation is the process of assessing the value of the fixed assets of a business. This may include assets such as vehicles, machinery, tools and other forms of equipment. The process ends in a report than be used for several purposes including taxation, acquisitions, management and insurance.
Q: How do you value a piece of equipment?
Equipment may be valued in many ways. Two common methods are the sales comparison approach and the depreciated replacement cost approach. The two methods may be used on their own or combined for a more precise valuation.
What is the process of valuing plant and machinery?
Valuing plant and machinery is a thorough process. It may or may not include a physical inspection but will always involve in-depth research and examination using the most appropriate valuation methods. How to best value plant and machinery depends on the valuation purpose and the type of value to be determined. For insurance, this is the replacement cost and for buying and selling, market value is calculated.
Is equipment at valuation an asset?
Equipment at valuation can be considered an asset as these items are essential in the operation of a business. Their valuation aids in minimising risks or losses due to any damage, theft, or obsolescence.
Get in touch with a Plant & Equipment Valuer in Melbourne
If you need a plant and equipment valuer in Melbourne with ample experience and expertise, then give our team a call on (03) 9021 2007. You can also use the contact form below. We will respond as quickly as possible.