{"id":12332,"date":"2012-05-09T11:08:11","date_gmt":"2012-05-09T15:08:11","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/machinery-and-equipment-depreciation\/"},"modified":"2022-12-27T08:24:54","modified_gmt":"2022-12-27T13:24:54","slug":"machinery-and-equipment-depreciation","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/machinery-and-equipment-depreciation\/","title":{"rendered":"Machinery and Equipment Depreciation"},"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>The word \u201cdepreciation\u201d means different things to different people. To an accountant, depreciation is a way of allocating the purchase price of an asset across its useful life. This method takes into account normal wear and tear when the asset is in use. Machinery and equipment appraisers assign a different meaning to the term. To them, depreciation is the estimated decrease in value of an asset from the initial purchase price. The estimated decrease is based on many different criteria, such as physical, functional, and\/or economic factors.<\/p>\n<p>If a company has an asset that is several years old, but is still functional and still being used, or if there is an active market for the asset, it still has value from an\u00a0<a href=\"http:\/\/www.nebbinstitute.com\/appraiser\/why.php\">appraisal perspective<\/a>. Even though the asset may not have value from an accounting perspective, if the asset was sold, it would have worth in its selling price. From an accounting perspective, the selling price would be the asset\u2019s worth.<\/p>\n<p>Depreciation is not always straightforward, so it is always best to speak to a\u00a0<a href=\"http:\/\/www.nebbinstitute.com\/maps\/index.php\">Certified Machinery &amp; Equipment Appraiser (CMEA)<\/a>\u00a0if you have questions about the depreciation of your machinery and equipment. It is also a good idea to speak to a professional as you make a plan to sell your machinery or equipment.<\/p>\n<p><em>The <a href=\"https:\/\/www.certitrek.com\/nebb\/\">NEBB Institute<\/a> 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.<\/em><\/p>\n<p>By:\u00a0<a href=\"blank\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The word \u201cdepreciation\u201d means different things to different people. To an accountant, depreciation is a way of allocating the purchase price of an asset across its useful life. This method takes into account normal wear and tear when the asset is in use. Machinery and equipment appraisers assign a different meaning to the term. To [&#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-12332","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>Machinery and Equipment Depreciation<\/title>\n<meta name=\"description\" content=\"Depreciation is not always straightforward, so it is always best to speak to a Certified Machinery &amp; Equipment Appraiser (CMEA) if you have questions about the depreciation of your machinery and equipment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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