Plant & Equipment
The Asset Advisory team specialise in the valuation of plant and equipment for the following purposes:
- Financial Reporting (IFRS Accounting Compliance) Valuations
- Family Law Single Expert Witness Valuation Reports
- Estate Administration & Bankruptcy purposes
- Depreciation Purposes - Purchase Price Allocation
Plant and Equipment Insurance Replacement Valuations (IRV) can be provided together with IRV on property assets ensuring all business assets are appropriately covered.
Financial Reporting (IFRS Accounting Compliance) Valuations
Valuation Reports for financial reporting purposes are prepared in compliance with Australian Accounting Standards (AASB) and International Financial Reporting Standards (IFRS).
Depreciation - Purchase Price Allocation
Business Plant & Equipment assets can be valued as part of a “purchase price allocation” which allows values to be “reset” in order to maximise tax depreciation of these assets.
Family Law Single Expert Witness
Asset Advisory “Single Expert Witness” Valuation Reports are prepared to meet the requirements of the Court in which the Family Law proceedings are being heard.
Asset Advisory Plant & Equipment Valuations are prepared for Estate Administration & Bankruptcy purposes.
Tax Depreciation Schedules
Property Investors… Are you missing out on making the most of your Tax Depreciation Deductions?
Asset Advisory are Registered Company Tax Agents with the Tax Practitioners Board and provide ATO compliant Tax Depreciation Schedules for all types of income producing properties.
Asset Advisory provides a cost efficient service by applying the latest Australian Taxation Office rulings and interpretations. Your tax depreciation schedule will remain valid for a 20 year period and the cost of the schedule is tax deductible.
We have provided some examples of items that can be claimed in our short video.
Do you have your buildings adequately insured? Protect your valuable property asset.
Asset Advisory can make sure the replacement cost of your building is up to date for insurance purposes to ensure in having adequate coverage. Asset Advisory can provide you with an Insurance Replacement Cost Assessment to appropriately protect your building assets to avoid getting caught “short” in the event of a claim.
See our short case study illustrating an example of getting “caught short”.
Sinking Fund Forecasts
Government legislation has made it compulsory for every body corporate to prepare a sinking fund forecast for a minimum of 10 years. The Asset Advisory Sinking Fund Forecast Plan is accurate and easy to understand and is compiled with specialised knowledge and skills to create the balance between levies being too high or too low.
Elemental Construction Costs
An Asset Advisory Elemental Cost Plan which involves the measurement and pricing of a bill of quantities and provides a detailed breakdown of the building into its various elements. This process ensures funds are efficiently allocated to the various components and finishes of a building, and can ensure that tenders are within an acceptable range or used to identify areas of difference between tender and anticipated construction cost prior to acceptance of tenders.
Forensic Quantity Surveying
Asset Advisory provides Forensic Quantity Surveying which involves the detailed analysis of time, cost and delivery having regard to the contractual matrix in building or construction works. Our Forensic Quantity Surveying team specialises in forensic re-measurement of buildings and expert valuations for insurance purposes.