The valuation of vehicles, in this context, applies only for those transportation vehicles used for industrial works such as bus, public transportation, trailer, truck, vehicles in the logistic industry, and for those recorded in the business as a vehicle type. The 2 most popular valuation methods to use when it comes to this type of property valuation are first, the ‘Market Approach’ by referring to the new and used car market information and making a comparison with a similar brand and model. In addition, the ‘Cost Approach’ can also be used to compare the acquisition price and adjust according to the efficiency condition of utilization for those that do have market information to compare.
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