For the assessment of the machine by an expert, different aspects are taken into account, which affect the final assessment value reflected in the expert’s report.
The first thing to know is the starting price of the equipment. To find out that price, two points are taken into account:
– Purchase value. The price of the machine is at the time of purchase and this is easy to figure out.
– Improvements that have been permanently included.
Depreciation value in machine valuation
The depreciation value of a machine is a calculation of how much the machine is no longer worth. It can be expressed as a specific number or as a percentage and there are different ways to calculate it depending on which factor is taken into account.
– Straight line shrinkage. A method that only measures the depreciation of a machine as a function of time, i.e. how old it is, is known as straight-line depreciation. Each machine will have a “useful life” of a number of years which will be determined by an expert based on the type of machine and its main characteristics.
Time travel can also be measured by other formulas that don’t work in a straight line, such as accelerated depreciation, which applies a larger percentage loss to the machine’s value during its first years of use.
– By using. A machine that has been subjected to constant use is not the same as another that has been used much less and therefore, depreciation should be less. To measure this factor, machine hours are usually taken into account. The number of hours the machine can run is calculated and the hourly value is applied. Maybe in a fairer way.
This calculation, depending on the type of machine being assessed, can also be carried out taking into account the units of production. In other words, if the machine is expected to produce x number of units in its useful life, it is necessary to count the units that have been produced to find out what percentage of performance it has.
You should also consider the maintenance condition of the machine, that is, a machine that has undergone the relevant maintenance will be in better condition than one that has not had any type of control since its purchase. It won’t be the only method for calculating machine depreciation value, but it could affect your final calculation.
Rated machine value
The estimated value of the machine is the result of subtracting the depreciation value from the initial price of the equipment. Assistance of specialized personnel with relevant technical skills and machinery knowledge when selecting suppliers. Support starts from the first moment you meet the distributor, as the advisor must know in detail what he or she has to offer. If you’re having trouble getting help, looking it up online is highly recommended. You can rely on Valorexo, a service available online to help you calculate the “current value” of an industrial machine.
Make sure when purchasing a machine, the supplier must provide efficient and transparent support. In other words, it offers a different platform and purchase method, as it provides the support you need.
Finally, there are many factors to take into account when buying a machine. But if you prioritize what we provided earlier, you will get greater profit and quality in the products you make in your food factory. It is important to invest in machines because they are the center of your company’s operations, but if you consult with suppliers, you can not only save, but you can also find the most suitable equipment for your needs.