Assets Evaluation: from Theory to Practice

Abstract

The evaluation of assets goes beyond the methodologies proposed by the authors of books on economic engineering, project evaluation, finance, and financial mathematics. The examples and cases that we can find in the books referring to the evaluation of assets, have an academic purpose to teach the methodology of calculation under scenarios that are often few realistic and using theoretical assumptions, which do not fit what occurs in a company. Therefore, the objective of the present investigation is to complement the evaluation of fixed assets with a financial evaluation, that gives greater elements of judgment to the evaluator when making a decision to acquire a fixed asset, not only knowing the optimal moment for its replacement. The methodology used is descriptive scientific research, with an experimental non-transversal design, making use of documentary research techniques on bibliographic, iconographic and magnetic sources, validating the research through the development of a practical case in a company of turnery service and manufacture of metal structures. Through this case, it will be explained the basic concepts and guidelines that the evaluator should take into account when evaluating equipment replacement options, as well as how to define the best financing option. The proposed case complements the current asset evaluation schemes, providing more information to the evaluator for decision- making procedures.