{"id":12222,"date":"2014-07-24T11:21:18","date_gmt":"2014-07-24T15:21:18","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/depreciation-of-machinery-and-equipment\/"},"modified":"2022-11-29T09:45:30","modified_gmt":"2022-11-29T14:45:30","slug":"depreciation-of-machinery-and-equipment","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/depreciation-of-machinery-and-equipment\/","title":{"rendered":"Depreciation of Machinery and Equipment"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>Different industries assign different meanings to the word depreciation. Accountants say that it\u2019s the allocation of the cost of an asset across its useful life. Depreciation takes into account normal wear and tear over the asset\u2019s life.<\/p>\n<p>Machinery and equipment appraisers, however, assign a different meaning to the term. To appraisers, depreciation is the estimated decrease in value of an asset from its initial purchase price. The estimated decrease is based on a number of criteria, such as physical, functional, and\/or economic factors.<\/p>\n<p>From an appraiser\u2019s perspective, even if an asset is 20 years old, as long as it is still functional or still in use, or if there is an active market for it, the asset has value. From an accounting perspective, its worth would be zero, but if the asset owner sold it, it would be worth more than zero.<\/p>\n<p>Because it has different definitions, depreciation can be confusing. If you want to sell an asset or discuss its depreciation, it\u2019s always best to speak to a<a href=\"https:\/\/www.certitrek.com\/nebb\/\"> Certified Machinery &amp; Equipment Appraiser (CMEA)<\/a>.<\/p>\n<p><i>The<\/i><a href=\"http:\/\/www.nebbinstitute.org\/\"><b><i> NEBB Institute<\/i><\/b><\/a><i> endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery\/equipment appraisal and brokerage.<\/i><\/p>\n<p><i>By:<\/i><a href=\"http:\/\/www.nebbinstitute.com\/\"><b><i> NEBB Institute<\/i><\/b><\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Different industries assign different meanings to the word depreciation. Accountants say that it\u2019s the allocation of the cost of an asset across its useful life. Depreciation takes into account normal wear and tear over the asset\u2019s life. Machinery and equipment appraisers, however, assign a different meaning to the term. To appraisers, depreciation is the estimated [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12222","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Depreciation of Machinery and Equipment - NEBB Institute<\/title>\n<meta name=\"description\" content=\"If you want to sell an asset or discuss its depreciation, it\u2019s always best to speak to a Certified Machinery &amp; Equipment Appraiser (CMEA).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/depreciation-of-machinery-and-equipment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Depreciation of Machinery and Equipment\" \/>\n<meta property=\"og:description\" content=\"If you want to sell an asset or discuss its depreciation, it\u2019s always best to speak to a Certified Machinery &amp; Equipment Appraiser (CMEA).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/depreciation-of-machinery-and-equipment\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-24T15:21:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-29T14:45:30+00:00\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/depreciation-of-machinery-and-equipment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/depreciation-of-machinery-and-equipment\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Depreciation of Machinery and Equipment\",\"datePublished\":\"2014-07-24T15:21:18+00:00\",\"dateModified\":\"2022-11-29T14:45:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/depreciation-of-machinery-and-equipment\/\"},\"wordCount\":483,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/depreciation-of-machinery-and-equipment\/\",\"url\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/depreciation-of-machinery-and-equipment\/\",\"name\":\"Depreciation of Machinery and Equipment - 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