{"id":12344,"date":"2012-02-15T22:35:39","date_gmt":"2012-02-16T03:35:39","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/the-importance-of-appraisal-in-machinery-and-equipment-depreciation\/"},"modified":"2022-12-27T08:47:38","modified_gmt":"2022-12-27T13:47:38","slug":"the-importance-of-appraisal-in-machinery-and-equipment-depreciation","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/the-importance-of-appraisal-in-machinery-and-equipment-depreciation\/","title":{"rendered":"The Importance of Appraisal in 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>When it comes to <a href=\"https:\/\/nebbinstitute.wordpress.com\/2011\/08\/31\/20-reasons-you-might-need-a-certified-machinery-equipment-appraisal\/\">machinery and equipment<\/a>, depreciation is the estimated decrease in value from the initial purchase price of an asset based on a number of criteria, including physical, functional, and\/or economic factors.<\/p>\n<p>From an appraisal perspective, which is somewhat different than an accounting or finance perspective, if machinery or equipment is still functional, being used, or if there is an active market for similar types of equipment, it still has value. For an asset that is 20 years old, if the owner of the asset were to sell the asset, it would be worth more than $0, which is what it would be valued at from an accounting perspective.<\/p>\n<p>Determining the value of machinery and equipment can sometimes be confusing and tricky so it\u2019s always best to speak to a <a href=\"http:\/\/www.nebbinstitute.com\/maps\/listing.php\">professional certified machinery and equipment appraiser<\/a> (CMEA) if you have questions about the depreciation of your machinery and equipment, especially if you are looking to sell.<\/p>\n<p><em>The <span style=\"text-decoration: underline\"><a href=\"https:\/\/www.certitrek.com\/nebb\/\">NEBB Institute<\/a><\/span> 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: <span style=\"text-decoration: underline\"><a href=\"http:\/\/www.nebbinstitute.org\/\">NEBB Institute<\/a><\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to machinery and equipment, depreciation is the estimated decrease in value from the initial purchase price of an asset based on a number of criteria, including physical, functional, and\/or economic factors. From an appraisal perspective, which is somewhat different than an accounting or finance perspective, if machinery or equipment is still functional, [&#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":[31,41,219,220,221],"class_list":["post-12344","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-certified-machinery-and-equipment-appraiser","tag-cmea","tag-deprectiation","tag-machinery-and-equipment-depreciation","tag-nebb-insitute"],"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>Importance of Appraisal in Machinery and Equipment Depreciation<\/title>\n<meta name=\"description\" content=\"Determining the value of machinery and equipment can sometimes be confusing and 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