Value Definitions

The purpose of the appraisal, along with the type of value definition, determines the criteria the appraiser considers in developing the valuation opinion. Since clients often have questions about the value of assets under various circumstances and conditions, we have compiled a list of the most common value definitions.
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  • Fair Market Value
  • Fair Market Value – Installed
  • Fair Market Value – Removed
  • Fair Market Value in Continued Use with an Earnings Analysis
  • Fair Market Value in Continued Use with Assumed Earnings
  • Fair Market Value in Continued Use without Assumed Earning (Going Concern)
  • Forced Liquidation Value
  • Liquidation Value in Place
  • Orderly Liquidation
  • Replacement Cost New
  • Reproduction Cost New
  • Salvage Value
  • Scrap Value

Source: Machinery & Technical Specialties Committee of the American Society of Appraisers – July 25, 2018

Machinery And Equipment Condition Definitions