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• Preparing a complete inventory of the assets at the subject business location. This <br />inventory includes a description of the assets as well as observation of their age, <br />condition, and method of installation, if any; <br />• Review of any documentation pertaining to the assets provided by the business owner <br />and/or manager, such as invoices, depreciation schedules, and construction contracts; <br />• Interviewing business owners and /or managers; <br />• Researching the marketplace for each of the assets identified on -site. Such research <br />includes reference to a variety of publications as well as discussions with individuals <br />knowledgeable about the market for the assets; <br />• Coordinating with other appraisers to avoid duplication of compensation; <br />• Applying valuation methods including the Market Approach and Cost Approach to the <br />subject assets; and <br />• Preparing the appraisal report for submission. <br />3 Proiect Schedule <br />The schedule for completion of a fixtures and equipment appraisal can vary widely depending <br />upon the complexity of the business appraised and the degree of cooperation from the business' <br />01 <br />25C -55 <br />