VIVALUATION OF MACHINERY AND EQUIPMENT, PRODUCTION LINES FOR ASSETS LIQUIDATION
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 Hoang Quan Appraisal (HQA) 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:
- Quarrying machines, industrial machines, machine tools…
- Types of production lines and technologies.
- Equipment and machinery for the medical and pharmaceutical industries
- Office equipment and machinery (computers, projectors, furniture, office equipment...)
- Means of transport, warehouse: trucks, passenger cars, cranes, barges, warehouses, containers..
- Other machines, equipment, supplies...
- List of properties requiring appraisal
- Design drawing of the production process of the line
- Invoice/Packing list (for imported goods)
- Machine detail drawings (if any)
- Economic contracts for the purchase and sale of equipment and supplies
- Minutes of handover and acceptance
- Sales invoices with detailed declarations
- Catalogue….
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