Furniture and Equipment
Our staff has over 25 years' experience in valuing medical practice furniture and equipment. The fair market value of furniture and equipment is determined by applying both a market approach and a cost approach. We are provided a summary description of the furniture and equipment and the original cost of the assets. Preferably an on-site visit is scheduled to inspect the items. However, we can offer an opinion based on a "desk review" when an on-site review of the assets is not practical.
Under the market approach, the value of the furniture and equipment would be determined based on the purchase price of such furniture and equipment, independent of any purchase discounts.