{"id":12425,"date":"2010-07-28T23:21:46","date_gmt":"2010-07-29T03:21:46","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/machinery-and-equipment-depreciation-2\/"},"modified":"2022-12-29T07:37:29","modified_gmt":"2022-12-29T12:37:29","slug":"machinery-and-equipment-depreciation-2","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/machinery-and-equipment-depreciation-2\/","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 has different meanings, depending on the audience to whom you are speaking. In accounting, depreciation means the allocation of the cost of an asset over time. It\u2019s a method of allocating the purchase price of an asset across its useful life, which takes into account normal wear and tear over the asset\u2019s duration. For machinery and equipment appraisers, the term means something different. It is the estimated decrease in value of an asset from the initial purchase price, based on a number of criteria, including physical, functional, and\/or economic factors.<\/p>\n<p>If an asset that is 20 years old is still functional, still being used, or if there is an active market for the asset, it still has value from an <a href=\"http:\/\/www.nebbinstitute.com\/appraiser\/why.php\">appraisal perspective<\/a>. Although it may not have value from an accounting perspective, if the business owner sold the asset, it would be worth more than zero, which would be its worth from an accounting perspective.<\/p>\n<p>Depreciation can be confusing, so it\u2019s always best to speak to a <a href=\"http:\/\/www.nebbinstitute.com\/maps\/index.php\">Certified Machinery &amp; Equipment Appraiser (CMEA)<\/a> if you have questions about the depreciation of your machinery and equipment, or if you are looking to sell.<\/p>\n<p>By: <a href=\"https:\/\/www.certitrek.com\/nebb\/\" target=\"_blank\" rel=\"noopener\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The word \u201cdepreciation\u201d has different meanings, depending on the audience to whom you are speaking. In accounting, depreciation means the allocation of the cost of an asset over time. It\u2019s a method of allocating the purchase price of an asset across its useful life, which takes into account normal wear and tear over the asset\u2019s [&#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":[50,41,51,47],"class_list":["post-12425","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-accounting","tag-cmea","tag-depreciation","tag-machinery-and-equipment"],"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 - NEBB Institute<\/title>\n<meta name=\"description\" content=\"Depreciation can be confusing, so 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\/machinery-and-equipment-depreciation-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Machinery and Equipment Depreciation\" \/>\n<meta property=\"og:description\" content=\"Depreciation can be confusing, so 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\/machinery-and-equipment-depreciation-2\/\" \/>\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=\"2010-07-29T03:21:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-29T12:37:29+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/machinery-and-equipment-depreciation-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/machinery-and-equipment-depreciation-2\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Machinery and Equipment Depreciation\",\"datePublished\":\"2010-07-29T03:21:46+00:00\",\"dateModified\":\"2022-12-29T12:37:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/machinery-and-equipment-depreciation-2\/\"},\"wordCount\":376,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\"},\"keywords\":[\"accounting\",\"CMEA\",\"depreciation\",\"machinery and equipment\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/machinery-and-equipment-depreciation-2\/\",\"url\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/machinery-and-equipment-depreciation-2\/\",\"name\":\"Machinery and Equipment Depreciation - 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