Introduction

The valuation of plant and machinery is necessary where businesses are bought or sold, broken up, put into receivership or liquidated.

Insurance quotes also rely on the valuation of equipment. Relying solely on the written down value listed on a depreciation schedule is usually not good practice due to asset pooling and accelerated depreciated rates allowed by the Australian Taxation Office. Establishing value where original purchase costs no longer exist can be difficult, especially where specialty machinery has been imported or tailored.

At the bottom of this profile are brief details of a number of the experts that Expert Experts represents. Call our office to discuss your requirements and to obtain a recommendation that suits your needs and budget.

Expertise in Action

Experts in this field can work closely with architects, financiers, engineers, contractors, suppliers, project managers, accountants, insurance underwriters, and government authorities.

They may be needed for insurance valuations, financial institution due diligence, tenders, mergers and acquisitions, litigation and insolvency, and financial reporting.

Sample Reports

For some fields of expertise we have some sample sections of de-identified reports. Please contact our office if you are interested in a sample.

Cost

The overall cost of expert opinion depends on the services required. Some of the key factors that affect the cost of advice include:

  • The need for a view or inspection of a location
  • The quantity of documentary material to be reviewed
  • Whether there are reports of other experts to be reviewed and commented on in detail
  • Whether there is a need for conferences with the expert either in person or by telephone/Skype
Relevant Articles AASB Standard: Property, Plant and Equipment

The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity’s investment in its property, plant and equipment and the changes in such investment. The principal issues in accounting for property, plant and equipment are the recognition of the assets, the determination of their carrying amounts and the depreciation charges and impairment losses to be recognised in relation to them.

Relevant Cases Brybay Pty Ltd (In Liq) & Ors v Esanda Finance Corporation Ltd [2002] WASC 309

Valuation experts were used in this case which revolved around the valuation of plant and machinery, and whether advertised prices rather than actual sale prices should be used for valuation.

Related Blog Articles
Related Area of Legal Practice Related Area of Insurance

Profiles of Experts in Business - Valuation (plant and machinery)

Below are short profiles of a few experts with expertise in this field. Please contact our office to discuss your specific requirements and to obtain a recommendation that suits your needs and budget. Expert Experts are experts in finding the right expert for your needs and you pay no more to use Expert Experts than if you searched and found the expert yourself.

Contact us at answers@expertexperts.com.au or give us a call 1300 72 66 55

Expert Experts sources experts in all disciplines for lawyers, insurers, government and industry across Australia

Logo

Since 2001 Expert Experts have been helping clients across Australia find the right expert to address their evidentiary requirements across many areas of law.

Let us help you save time and cost.

Contact Details

P.O. Box 358
St Leonards 1590
Phone: 1300 72 66 55
Fax: 1300 72 66 33
Email: answers@expertexperts.com.au
related_blog_title|=|Find the right expert and pay no more |&|related_blog_url|=|find-the-right-expert-and-pay-no-more