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Any company that invests in information technology has an ongoing need for fair market values (FMV) of IT equipment. Although executives readily see the usefulness of FMV data when they buy or sell used equipment, in fact there are three other reasons that accurate FMV data is essential to a well-managed IT function. When considered together, these four reasons suggest that IT organizations would do well to ensure that FMV data is readily available.
So, what are the four uses for FMV data?
Developing Fair Market Value Reports
Faced with the need for FMV data, some organizations attempt to develop this information internally. But few IT managers have the background and experience required to do the job. Even if they have the expertise, they often do not have ready access to enough data to compute a fair valuation. Furthermore, valuations developed in-house lack the credibility of a reputable third party.
Maintaining a library of reputable and reliable valuation data should be a part of every IT and tax department library. Computer Economics has been providing FMV reports for IT user organizations and financial institutions for over 20 years, along with residual value forecasts, vendor pricing, and other analysis of computer equipment values. This information is available from Computer Economics through an annual subscription or may be purchased on a one-time basis. A single use of this information in a sales or leasing transaction, or property tax assessment, often pays for the cost of an annual subscription many times over.
For more information on gaining access to our fair market valuation data, please CONTACT US.