Valuation of agricultural, forestry, construction and industrial machinery

Valuation of agricultural, forestry, construction and industrial machinery is the determination of the value of any such mechanism, machinery or equipment.

 

Valuation of such machinery may be necessary for:

  • Financial statements,
  • Tax purposes,
  • Assessment of losses incurred through the damage of property,
  • Pledging of property,
  • Insurance of property,
  • Selling or other transfer of property.

 

The following documents must be submitted for valuation: registration certificate of the wheeled or crawler machinery (if registration is obligatory), certificate of the last vehicle safety (MOT) testing (if MOT test is obligatory).