Determining the Value of

an Asset

Cornell Course

Recommending the purchase of a new asset and approximating its cost is often a key responsibility of engineers and scientists. For the financial health of the organization, it's important that such purchases are only made when truly necessary and that cost estimates are accurate. How can you gain the skills necessary to assess these factors?

In this course, you will identify the different types of common business assets and how to determine their value. Through real-world examples, you will also examine alternatives to new capital investments and consider methods to account for the loss of an asset's value over time. This course includes electronic access to a key reference text, “Product and Process Design Principles” (Seider and Seader), which you will use to practice estimating the capital cost and depreciation losses of a major piece of process equipment. By the end of this course, you will be set up for success as you better understand the value of assets in your work.