Case Study: Equipment Appraisal for a Lending Institution
In February 2010, Present Value was engaged by a bankrupt lending institution preparing for cost segregation. Present Value performed an equipment appraisal, and determined the value of all of the company’s furniture and fixtures. Two value definitions were derived for the client: fair market and orderly liquidation values. The scope of the site inspection incorporated more than 300,000 square feet of floor space with three separate towers and six floors. Present Value assembled a team of qualified equipment appraisers and inspection professionals to record more than 30,000 items, which were categorized, identified by location, and valued. The assignment had strict due dates, and Present Value delivered the report on time and to the satisfaction of the client, with additional consultation provided after the report was delivered.
