多媒体课件-资产评估学双语-本-第10周-1

1、AssetAppraisal,Chapter5Appraisalofmachineryandequipment,Appraisalformachineryandequipment,5.1Overview5.2Usingthecostmethod5.3Usingthemarketmethod,5.1Overview,CharacteristicCharacteristicsofmachineryandequipmentCharacteristicsforevaluatemachineryandequipmentTotakesinglepieceasanappraisalobjectBasedon

2、technicaldetectionGrasptheequipmentvaluecompositionandthemainfactorswhichaffectingthevalue,Classificationformachineryandequipment,Accordingtoitsstandard:,1.Generalequipment2.Special-purposeequipment3.Transportationequipment4.Electricalequipment5.Electronicsandcommunicationequipment6.Meter,measurings

3、tandarddevice,measuringadopttothemarketmethod(3)fortheequipmentestimatescannotbeobtainedbythecurrentprice,ifwecanfindareference,wecanusethefunctioncostmethod(updatereplacementcost);(4)ifthecurrentpriceoftheequipmentandreferencearenotavailable,onlythepriceindexmethod(restorereplacementcost).,Replacem

4、entcostforself-madeequipment,1.Thecost.Themanufacturingcost,periodexpense,reasonableprofit,designcosts,installationcosts.2.HomemadeequipmentreplacementcostcalculationmainlyusetheaccountingmethodCalculatetheself-madenon-standardequipmentrestorereplacementcostCalculatetheself-madenon-standardequipment

5、updatereplacementcostThecomprehensiveappraisalmethodTheweightvaluationmethod,成本利润率,主要外购件费,成本主材费率,主材费,综合税率,设计费率,台数,Example,ConsiderthefollowingequipmentHomemadeequipment;Stainlesssteelmaterial;Totalconsumptionis15tons;Tax-inclusivepriceforthestainlesssteelmarketis28，000Yuan/tononappraisalbasedate;Uti

6、lizationrateofthestainlesssteelisabout95%;Thedevicesmainmaterialrateis80%,theVATrateis17%;Whatisthecostofmainmaterials?,Mainmaterials=28,000（1+17%）15=358,970,Example,ConsiderthefollowingequipmentHomemadelargemoldThemoldis2tonsMaterialpriceofthemoldis15Yuan/kgattheappraisalbasedateThematerialutilizat

7、ionrateis75%;coldprocessingfeeisRMB30,000;thermalprocessingfeeaccordingtothemoldof15Yuanperkilogram;othercosts10,000Yuan,andtheindustryaverageprofitmarginis10%.Regardlessofotherfactors,whatisthereplacementcostofthemold.,（200075%15+30000+200015+10000）（1+10%）=121000,Domesticoutsourcingequipmentreplace

8、mentcostcalculation,(1)Domesticoutsourcingequipmentreplacementcost.Thepurchaseprice,transportation,basiccosts,installationcosts.Note:ithasdifferencesbetweenasingle(piece)andcompletesetcost.(2)Examplefordomesticsingle(pieces)forreplacementcostmeasurementequipment(3)Examplefordomesticunits(orset)forth

9、ereplacementcostmeasurementequipmentTwowaysAccordingtothespecificcircumstances.,Separatelycalculatethecostofparts,thenaddedDirectlycalculatetheintegralreplacementcost,Discussion,Themachineneedstorevaluation.Theenterpriseprovidesthepurchasecostinformationisasfollows:Theequipmentpurchaseprice50,000Yua

10、n,transportationcosts1,000Yuan,3,000Yuanforinstallation,debuggingfees1,000Yuan,ithasbeeninservicefor2years.Bythemarketsurvey,themachineisverypopularinthemarket,andpricesroseby20%;railroadfreightrateoverthepasttwoyearsincreasedby1time,theinstallationmaterialsandlaborcostincreasedfor40%byweightedcalcu

11、lation,debuggingfeesroseby15%.Trytoassessthemachinestillcontinuedinsituwiththetotalreplacementvalue.,Analysis:themachineservicelifeofonly2years,andinthemarketisstillverypopular,ingeneraltechnicalconditionschange,theuseofrestorereplacementcostassessmentisreality.,Totalmachinepurchasedreplacementcost=

12、50,000*(1+20%)=60,000YuanShipped(2)Theimportpriceindexshouldberelatedtotheequipmentmanufacturingcountry,transportation,installationcostsofdomesticwithrelateddomesticpriceindex;(3)Theattentiontoexchangeratestimeselection;(4)Thetariffratesshouldalsobetobenchmarkasthebasis.,RC=FOBinbookvalueexchangerat

13、ewhenimported*(1+equipmentpricechangerateoforigincountry)*exchangerateatthebaseline*(1+currenttariff)*(1+othertaxesrates)+(Yuanpaidinbookvalue*(1+changerate),Example,Thebookvalueofimportedequipmentfor10,000,000Yuan(taxdoesnotinvolved)Inwhich80%paidindollarExchangeratewas$1:8YuanwhenimportedExchanger

14、ateis$1:8.3YuanatbaselinePriceindexfortheequipmentis20%inorigincountryPriceindexforsimilarassetsis50%indomesticCurrenttariffrateis20%Othertaxrateis10%Theforeigntransportfeesis$100,000Outsideinsurancefeesonthewayfortheequipmentneedtopay0.5%inforeignexchangepartBasedontheaboveinformation,calculatether

15、eplacementcostofimportedequipment.,Key,Replacementcost=10,000,000 x80%/8x(1+20%)*8.3*(1+20%)x(1+10%)+10,000,000 x20%x(1+50%)=1614.72(inmillion),Thatshouldbepaidattentiontointhereplacementcostofimportedequipment,themainproblemsare:1.Processingaboutthequotation;2.Usingthepriceindexmethodandthechoiceof

16、priceindex;3.Exchangerateshouldchoosethebenchmarkrate;4.Dutiesandtaxesshallbeonthebaseline.,Example,AproductlineintroducedfromtheUnitedStatesofAmericaanditwasformallyputintoproductionsuccessfullyin1999.Itwasimportedforatotalamountof$900,000,andnowitisin2004toassessment.Thesearchforpricetoknow,fromth

17、eimportofequipmenttothebaseline,importedequipmentpricechangesinthehostcountryofproductionrateincreasedby50%Thepriceofimportedrateisupto30%Domesticfacilitiesforacompletesetpricesroseby60%,othercostsroseby50%.Therelatednationalpoliciesandregulationsaccordingtothebaseline,theimportedequipmentandimportd

18、utiesandtaxesamountedto300,000Yuan.EvaluationatthetimeoftheRMBexchangerateagainstthedollaris18.3.Fromcontract,importedequipmenthostoriginalvaluewas$750,000and$150,000forimportconditions.Alsofromotheraccountingdocumentscheckedoutthedomesticfacilitiesoforiginalvaluewas450,000Yuan,otherexpensescostwas1

19、80,000YuanPleasefindthereplacementcostforthisequipment.,Replacementcost=(750,000*1.5+150,000*1.3)*8.3+300,000+450,000*1.6+180,000*1.5=12,246,000,Example,TheevaluatedequipmentimportedfromBritaininOct.1999FOBpriceis200,000poundsInOct.2004,whenevaluatingthemanufacturersinBritainisnolongerinproductionof

20、thistypeofequipment,thesubstitutesofFOBquotationfor350,000pounds.Therefore,accordingtotheBritishfirm80%ofFOBasFOBbidquotation.Thealternativeisbetterthanevaluatedequipmentinthetechnicalperformance,estimationoftheequipmenttobeevaluatedthecurrentFOBpriceisaboutalternativeequipmentFOBprices70%,30%discou

21、ntismainlyafunctionofthebackward.RMBexchangerateagainstthepoundis11.931atbaseline.OverseastransportfeesaccordingtothepriceofFOB5%Insurancepremiumisbythe0.5%FOBpricesTariffandvalue-addedtaxforqualifiedventure,beexemptedfrom.Thebankchargesaccordingto0.8%CIFprices,domesticfreightaccordingto(CIFprice+ba

22、nkingcharges)is3%Installationandcommissioningcostsincludedinthepriceofequipment.Becausetheequipmentinstallationperiodisshort,itisnotconsideredinterestfactors.Pleasefindthereplacementcostforthisequipment.,Key,ThepriceofFOB=350,000*80%*70%=196,000poundsThepriceofFOB=196,000*11.93=2,338,300YuanOverseastransportfees=2,338,300*5%=116,900YuanInsurancepremium=2,338,300*0.5%=11,700YuanThepriceofCIF=2,33