Check out the following valuation techniques for your dental equipment, and never wonder how to value used dental equipment again.
The Cost Approach
The cost approach is calculated based on the purchase price of the equipment. Calculate value by determining current replacement costs and any comparable sales. Add in physical deterioration, any functions that are obsolete, and economic obsolescence, and you can generate an accurate value for your used dental equipment.
Measure the income stream a piece of dental equipment creates and you can accurately estimate its value. This may seem difficult, and that’s because it is, retroactively. But if you can measure the difference between your offerings before and after bringing that equipment onboard, it’s a simple numbers game. It requires an investment from the beginning, but the results when you do have to phase out your equipment are great!
Visit Video Dental Concepts, today, and let’s give you the type of quality dental product that’s easy to evaluate, no matter how long you’ve had it for.