Certified Machinery and Equipment Appraisal

We have written a number of blog posts about machinery and equipment appraisals, including Common Types of Appraisal Reports, What’s It Worth?, and Insurable Value. In this post we will cover what should be included in a certified machinery and equipment appraisal (CMEA) report.

A certified machinery and equipment appraisal is a comprehensive and detailed appraisal report that provides an accurate and descriptive account of the value of specific machinery and equipment. CMEA reports include photographs, model numbers, serial numbers, and other descriptive information about the machinery and/or equipment. To determine the worth of machinery and equipment, an appraiser determines the value of equipment based on research, personal inspection, and contact with manufacturers and suppliers.

A CMEA should meet the standards set by the requirements of the Uniform Standards of Professional Appraisal Practice (USPAP), so that your certified equipment appraisal report will hold up under scrutiny from financial institutions, government agencies, buyers, sellers, shareholders, or partners.

By: Present Value

Tags: certified machinery and equipment appraisal, CMEA, USPAP

This entry was posted on Tuesday, July 7th, 2009 at 4:50 pm and is filed under Appraisal Terms, Machinery & Equipment, Machinery & Equipment Appraisal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.