3 Things to Know About Healthcare Equipment Appraisal
Medical equipment valuations detail the count and value of existing assets. Here are three things to know about healthcare equipment appraisal, according to Principle Valuation.
1. Equipment appraisal asset inventory reports capture original cost, replacement cost and remaining life. The appraisers can also use an inventory tagging system to facilitate barcode inventory tracking.
2. Equipment valuations assist in determining whether assets are overinsured or underinsured.
3. These valuations can also help determine remaining life to identify the appropriate depreciation expense for financial reporting and tax purposes.
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