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with option to purchase. The APPRAISER'S report <br /> shall explain how he made the apportionment and the <br /> rationale therefore. <br /> 9. Machinery, Equipment and/or Fixtures. If machi- <br /> nery, equipment and/or fixtures used in a trade, business, <br /> farm operation, institutional or governmental function <br /> constitute part of the real property, the appraisal report <br /> shall contain a separate schedule which provides separate <br /> estimates for each such item, as prescribed below. If there <br /> is more than one owner of such items, a separate schedule <br /> shall be furnished for each owner. The information and <br /> conclusions to be furnished on each item are as follows: <br /> (1) Description of the item, including, as appropriate, <br /> the manufacturer, model and serial number, size or <br /> capacity, age and condition, and degree of obsole- <br /> scence. Accessories and spare parts, special <br /> foundations, and power wiring and process piping <br /> generally shall be listed separately, following the <br /> listing of the item(s) to which they apply. <br /> (2) Estimate of the replacement cost installed of the <br /> item as listed and identified (excluding any <br /> elements listed separately) . Separately identify <br /> the basis of estimated replacement cost new or <br /> used) . <br /> (3) The contributive (enhancement) value of the item to <br /> the fair market value of the real property• as a <br /> whole. <br /> (4) Estimated fair market value of the item for removal . <br /> from the property at a purchaser's expense. Such <br /> value shall be considered to be the probable <br /> selling price if the item were offered for sale for <br /> removal from the property at the purchaser's <br /> expense, allowing a reasonable time to find a <br /> purchaser buying with knowledge of the uses and <br /> purposes for which it is adaptable and capable of <br /> being used, including salvage for serviceable <br /> components and scrap when it appears that will <br /> provide the highest value. <br /> The schedule(s) of estimates shall be consistent, <br /> with the property analysis approved by the COUNTY, <br /> as provided. The APPRAISER is permitted to use the <br /> services of such technical specialists as may be <br /> needed to enable the APPRAISER to provide valid <br /> estimates and sound valuations. The schedule(s) <br /> shall be supported by an explanation of the proce- <br /> dures followed in gathering the necessary market <br /> information and technical data. The principle <br /> purpose of the APPRAISER'S accompanying narrative, <br /> however, must be to explain his analyses and his <br /> evaluations of the dollar amount of the overall <br /> contribution of the machinery, equipment, and <br />