Valuation of movable property (all types) edit
Valuation of movable property is the process of determining the market value of a particular movable property, such as machinery and equipment, vehicles, animals and plants. This valuation is carried out for various purposes, such as purchase and sale, insurance, credit guarantee, tax obligations and legal matters (farm activities and property rights). A number of factors are taken into account when valuing movable property, which vary depending on the type of property, its condition, market conditions and other characteristics.
Valuation of Machinery and Equipment
Valuation of machinery and equipment mainly involves determining the market value of equipment and machinery used in production activities.
Key Valuation Factors:
Age and Technical Condition: The age and operating time of machinery and equipment are important factors that affect the price. Equipment in good technical condition and relatively new has a higher price.
Make and Model: The make and model of the machine or equipment also affect the price. Products from well-known brands can be valued higher.
Technical Specialization: The area of use and specialization of the equipment or machine are taken into account in the valuation process. Some equipment may be used only in specific areas and therefore have little demand.
Unusual Features and Functions: Valuation of advanced and special functions of special equipment and machines can be more complicated.
Market and Supply-Demand Situation: When the demand for a particular type of machine or equipment is compared to the supply in the market, the price can change.
Valuation Methods:
Calculation of Value for New Machines and Equipment: In this method, the market value of the equipment is determined mainly by purchase and sale prices or production cost.
Depreciation Method: The value is determined by taking into account the wear and tear (depreciation) of the equipment. Since the value of the equipment decreases over time, the price is determined based on these decreases.
Comparative Analysis: The price is determined by comparing the market prices of the same type of machine or equipment.
Vehicle Valuation
Vehicle valuation is the process of determining the value of cars, trucks, and other types of transportation.
Key Valuation Factors:
Make and Model: The make and model of the vehicle determines the market demand and price level.
Age and Mileage: The age of the vehicle and the distance (kilometers) it has been used affect the price. High-mileage and older cars are sold at lower prices.
Technical Condition and Repair History: The technical condition of the vehicle, its functionality, past repairs, and future repairs needed are evaluated.
Interior and Exterior Appearance: The interior and exterior condition, color, condition, and cleanliness of the vehicle affect the price.
Unusual Features of the Vehicle: Special add-ons, technological devices (GPS, camera systems, sound systems, etc.), and premium equipment can positively affect the price.
Valuation Methods:
Depreciation and Amortization Method: The price is determined based on the age and mileage of the vehicle. Over time, the value of the car decreases, which also affects the price.
Market Value Method: The price is determined by comparing it to other vehicles of the same model or type.
Insurance and Repair Cost Method: The price can be determined based on the price offered by insurance companies or the repair costs of the vehicle.
Animal and Plant Valuation
Animals (e.g., large and small horned animals, horses, pets) and plants (crops or ornamental plants) also fall into the category of movable property and must be valued for various purposes.
Key Valuation Factors:
Age and Sex: The age and sex of the animal or plant (e.g., female animals selected for stallioning, ability to reproduce) affect the price.
Health Condition and Performance: The health of the animal, reproductive ability (e.g., cows, horses), feeding regimen, and health history affect the price. The health and productivity of plants are also evaluated.
Breed and Species: The breed and species of the animal or plant affect the price. For example, special breeds of horses or productive cows may be valued higher.
Training and Experience: The training of animals, including their preparation for competitions or other events, can affect the price.
Market Demand: The demand for animals and plants in the market affects the price. Especially in regions with free market economies, the demand for productive animals and plants can be high.
Valuation Methods:
Market Price Method: The price is set by comparing it to other market participants. The state of supply and demand also affects the price.
Health and Performance
Animal Valuation: The price is calculated based on the health status and productivity of the animal. The productivity and growth potential of the plants are also evaluated.
Comparative Analysis: A price comparison is made between the same type of animals or plants and a price is set according to the prices sold in the market.
Risks and Legal Importance
The valuation of movable property is also important from a legal and risk perspective. For example, when concluding insurance contracts or obtaining a loan, it is necessary to carry out a correct valuation to protect the real value of the property. During insurance coverage, the value of the property determines the amount of security in case of its loss or damage.