After acquiring a manufacturing company specializing in the production of rubber products, the client contracted CRS to determine the fair value as well as the remaining useful lives (RULs) of the acquired assets. Manufacturing capabilities at the facility include large-scale molding and extruding, mixing, machining of rubber and metals, bonding rubber to metals and composites, as well as metal welding and fabrication.
In most cases, CRS performs our tangible asset appraisals based on inventory lists provided by the client that include historical costs, placed-in-service dates, and the net book values of assets. For this project, we were only provided a very basic list that did not include this information. To obtain it, we performed an onsite visit to inspect, quantify, and assess all assets at the facility. We also worked with the client’s technical personnel to clarify any descriptions needed and add assets missing from the original list. Once a new, comprehensive inventory was established, CRS engineers relied on various market research channels and their specialized knowledge of manufacturing equipment to determine the fair value of the assets.
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