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Assessment of property and property rights is a process of determining market value of company assets.
The need for assessment of assets occurs in case of the following transactions:
sale and purchase of assets;
determination of fair value for accounting;
transfer of pledged property;
transfer of property for rent;
determination of ordinary price for goods, work and services.
The evaluation process includes:
1. Study of the company’s activities and identification of its assets;
2. Inspection and taking photographs of assessment object and/or its components;
3. Analysis of possible ways to use assessment object;
4. Definition of market (non-market) cost of assessment object;
5. Preparation of Evaluation Report.
Evaluation Report is a document which reflects cost of assessment object, date of assessment, main methods and approaches used by the appraiser, cost calculation, photographs of assessment object and other necessary information.
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