Definition of Machinery and Equipment

Machinery and Equipment refer to all tangible assets - and all related interests, rights and liabilities - weather individual or combined and are used, for example, in industrial, production and transportation purposes, or assisting operational, administrative and supply services.

Definition of Machinery and Equipment Valuation

The act or process of determining the value of various machinery and equipment or interests ac- cording to a purpose and basis of value.

How can I practice Machinery and Equipment Valuation

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