The Valuation of Vehicles involves the applications of analytical tools to determine the fair market value of a wide range of equipment such as heavy-duty plant, manufacturing equipment, electrical equipment, aircraft, etc. This is normally performed by professionals with the requisite certifications and credentials in equipment valuation for businesses. In business valuation analysis, the valuation of equipment is an important input in the normalisation of the statement of financial position (balance sheet). The International Accounting Standards (IAS) 16 requires firms which have adopted the revaluation model for their fixed assets to revalue equipment annually to determine their fair market value for financial reporting. The output of the valuation of vehicles at fair market value enables business valuators to adjust the values in the balance sheet, which together with the adjustment of other items, can result in the fair market value of the business via the Net Asset Valuation (NAV) method to conclude on the Adjusted Book Value.