Alternative methodological approach for determining the fair value of goods that do not have a primary market. case: machinery used in construction

Aproximación metodológica alternativa para la determinación del valor razonable de bienes que no cuentan con mercado primario caso: maquinaria usada en construcción

This work presents a methodology for conducting studies to determine the fair value of real estate, factories and equipment that do not have a primary market, and, in accordance with IFRS 13 (fair value) can only have input data level 3. The proposed methodology start with the historical cost of the assets that conform the real estate, factories and equipment, this price is reexpressed at current values with the use of the consumer price index; then, employing the exponential probability model is established the remaining life of the asset, the result is multiplied by the reexpressed value obtaining the current value. This process is simulated a million times and the values obtained are condensed and presented in a distribution in which the value and the percentage of observations exceeded, giving origin to the maximum values for a given probability.