What is the term for the documented process of valuing business personal property?

The documented process of valuing business personal property is referred to as an appraisal report. An appraisal report encompasses the thorough methods, analyses, and findings of the appraiser as they determine the value of the property in question. It includes a detailed explanation of the approaches used in the valuation, such as cost, sales comparison, or income approaches, depending on the nature of the business personal property.

This report is critical in providing a structured and acceptable basis for the valuation, offering transparency and credibility to the process. It often includes supporting documentation, relevant market data, and analysis that aligns with professional standards and regulations in property valuation.

The other options do not accurately describe the documented process for valuing business personal property. An assessment return typically refers to a form submitted by property owners reporting personal property details for taxation purposes. A market analysis involves examining market trends and conditions but does not constitute the formal valuation process itself. A listing form is usually a document used to list assets rather than a comprehensive valuation report.