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  1. #1

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    Plug/mold appraising

    Hey guys,

    I need some advice on appraising plugs. In this case for tax purposes.

    If an end item product , say an rc jet would sell for 8-10 grand, how logical would it be to use a reverse multiple to come up with a mold or plug value?
    If anyone has some info on industry standard valuation of plugs or molds, I would greatly appreciate some guidance.

  2. #2
    SCALECRAFT's Avatar
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    RE: Plug/mold appraising

    As low as possible.

    Steve

  3. #3

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    RE: Plug/mold appraising

    Anyone?

  4. #4
    Scorpion Racing's Avatar
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    RE: Plug/mold appraising

    Well, if it is for taxes (you are paying taxes on the molds & plugs) I agree you want them as low a value as possible. If you are trying to sell them, then they are only worth what someone else is willing to pay for them. I calculate mine as the materials in them from there taxable value. If they were built for a client, then it would be materials & labor.
    Scott Smith
    NMPRA 86t - District 7 VP

  5. #5

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    Thanks for the reply Scott. I think the best course will be to just get an estimate for a CNC produced plug, since that is what is most likely way to get a commercially produced plugs stateside.

  6. #6

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    If this is something you are doing in your garage, the value is hard to come up with. I would say the value is what it would cost to have a composite shop make you a plug. I do these types of estimates all the time. Also, depending on the material used for the plug, it will deteriorate over time and will be worthless.

    Dan
    What size tank do you have in that thing?


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