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Assessment Journal

Authors

Jim McMillan

Keywords

Valuation of personal property, Obsolescence, Valuation of machinery and equipment

Abstract

This paper addresses the aspect of the cost approach used to appraise furniture, fixtures, and equipment in Texas, including economic lives, depreciation, and cost trending, in addition to related difficulties and suggestions on how to address these problems. The author suggests appraisers consider using present worth principles to depreciate fixed assets and reconsider the use of wholesale trending.

First Page

30

Last Page

32

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