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CAN THE SAME ASSET HAVE DIFFERENT VALUES FOR DIFFERENT BUSINESSES No,an asset may not have different values for different businesses if the value concept is"in-exchange" based. But distance and Installation matters and does affect the value. For example,the same asset say in Chicago,as well as In New Zealand,has differing values to a group of Indiana buyers. Or,the same asset,assuming the buyer pays for deinstallation,would have differing values based upon the relative costs of removing the asset. This thought is basic. The more challenging question is if the same asset"in continued use"can have differing values. This writer believes so,based upon the relative capital contribution,and relative level of economic support, for the subject asset. The temptation Is to claim that any difference should be attributable to the relative level of the intangible assets. Some of this argument Is germane. But with the intangible assets being the same in value the contribution to profitability may vary to the level of the tangible personal property. Often this variance is product and/or utilization based. A product based variance example may be a Mazak machining center used to make very dose tolerance special metal parts,vs.the same asset being used to produce much greater tolerance carbon steel parts. A utilization based variance example may be the same machining center being used in an 8 hour constant production process,vs. used occasionally in the maintenance machine shop of the same facility(note this is the same business) A test of this logic is an Impairment study for Fair Value accounting. Two businesses may have precisely the same assets,but due to any number of entity specific or outside causes,the level of impairment by dip beyond the value of the intangible assets to the tangible personal property. As another example, the same asset within the same business enterprise may have a differing value"in continued use". A specific example may be an automotive parts manufacturer with a number of lines,where the production needs and utilization of one line Is different from another,yet many of the assets in each line are identical, Consideration of this Issue is particularly important to the"continued use"appraiser working in the areas of Ad Valorem taxation,income tax purchase price allocations,and Fair Value accounting. Standing alone,the M&TS appraiser may not have the Information necessary to determine the variance amount based upon the level of economic support. This appraiser should work with the financial appraiser on the assignment to calculate these amounts,being attributable to economic obsolescence.; - 127-