Appraising Specialty Equipment: Cost Approach

While equipment appraisal generally depends on Sales Comparison approach, researching an opinion of value takes an interesting turn when we appraise out-of-the-ordinary farm and manufacturing equipment. An Accredited Senior Appraiser (ASA) of the American Society of Appraisers explains the challenges and satisfaction of valuing one-of-a-kind, custom-designed & -built, just-for-our-shop/farm/assembly line creations using the Cost Approach.

Source: http://EzineArticles.com/5801139

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