Machinery, equipment, supplies, and production lines are assets that are often liquidated or auctioned off after their useful life has expired. The liquidation of these assets requires an accurate and meticulous valuation process because each line of machinery and materials has a different depreciation time. So, how is the valuation of machinery, equipment and materials for the purpose of liquidation and sale of assets different from other purposes? Lets Indochina International Appraisal & Investment Joint Stock Company (INA) to find out this issue.
What is an end-of-life asset valuation?
According to Law on Price No. 11 and Valuation Standard 02 promulgated together with Decision No. 77/2005/QD-BTC of the Ministry of Finance, it is stipulated: Liquidation value is the estimated value obtained at the end of the useful life. useful life of the asset after deducting estimated disposal costs.
Thus, the liquidated asset value shows the residual value of the asset (except land) when its useful life has expired and is sold for liquidation. For assets that can still be repaired or converted to use, or can use part of the components for other purposes, they still need to be valued before liquidation.
Currently, the list of machinery, equipment and materials is also very diverse. From specialized machinery and equipment in the fields of Health, Food Processing, Construction, Transport, Agriculture... to laboratory equipment, machinery, technology software, informatics and telecommunications equipment through…
In addition, there are common equipment and machinery complexes serving civil life. In general, they can be grouped into the following categories:
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