How do you determine the fair market value of medical equipment?

Fair market value (FMV) is determined by analyzing what comparable medical equipment would sell for in an open and competitive market, with neither buyer nor seller under compulsion and both having reasonable knowledge of the facts. An appraiser reviews key factors such as manufacturer, model, age, original cost, condition, remaining useful life, and current demand. Market data from recent secondary-market sales, dealer listings, and auction results is used to support conclusions. Adjustments may be made for maintenance history, upgrades, utilization levels, and regulatory considerations. The goal is to arrive at a defensible, well-documented value that reflects real-world market behavior, not replacement cost or book value unless specifically required.