publicly available information (e.g., from price lists or dealer quotations), and costs of
disposal will either be implicitly factored into those amounts (such as when a dealer
quote includes pick-up, shipping, etc.) or else can be readily estimated. Most common
productive tangible assets, such as machinery and equipment, will not easily be priced,
however, since active markets for used items will either not exist or be relatively
illiquid. It will often be necessary to reason by analogy (i.e., to draw inferences from
recent transactions in similar assets), making adjustments for age, condition, productive
capacity, and other variables.