Whether you need to know the fair market value, orderly liquidation value, and/or forced liquidation value of your equipment, the professionals at Present Value can provide you with a certified equipment appraisal report in a timely manner at a competitive cost. Our certified equipment appraisals will meet the requirements of financial institutions, government agencies, buyers and sellers, shareholders, and partners. Our experience and expertise extends across all machinery, equipment, and technical specialties. Below are examples of some of the industries in which we specialize:

• Health Care and Medical Industry – Examples of equipment appraised: MRI Imaging Systems, CT Scans, Ultrasound Equipment, Dental Offices, Nursing Homes, Hospital Equipment, Cardiovascular, Ophthalmology, Nuclear Imaging, Orthopedics, Surgical Centers, EP Systems, Physical Therapy Clinics, X-Ray Machines, Advanced PET Systems, PACS Systems, and more.

• Manufacturing Industry – Examples of equipment appraised: Plastics Manufacturing, Machine Shops, Woodworking Equipment, Agriculture Equipment, Routers, Sanders, CNC Equipment, Lathes, Conveyers, Air Compressors, Industrial Tanks, Brake Presses, Extruders, Saws, Planners, Vacuum Pumps, Drill Presses, Benders, Die Cutters, Saws, Molds, Tooling, Cutters, and more.

• Heavy Equipment and Construction Industry – Examples of equipment appraised: All Yellow Iron, Excavators, Compressors, Stackers, Aerial Lifts, Crushers, Spreaders, Backhoes, Cranes, Dozers, Rigging Equipment, Skid Loaders, Shop Equipment, Oil Field Equipment, Asphalt Plants, Washing Equipment, Incinerators, Drilling Equipment, Generators, Railroad Equipment, Tractors, Trucks, Trailers, Environmental and Recycling Equipment, Sweepers, Soil Stabilization Equipment, Aggregate Equipment, and more.

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Additional reading:

Certified Machinery and Equipment Appraisal

Businesses Appraised by CMEAs

The Appraisal Foundation has issued a question and answer document that is designed to help answer any questions that might arise. You can visit their website to learn more about all of the changes.

In particular, they have highlighted one revision to USPAP that will affect each assignment starting in 2010. Appraisers will be required to disclose to their client, prior to engagement and in the certification of appraisal reports, “any services regarding the subject property performed by the appraiser within the prior three years, as an appraiser or in any other capacity.”

As always, Present Value is USPAP compliant.

By: Present Value

• The client requesting the appraisal
• The intended use of the appraisal report
• The value (market, foreclosure, investment)
• Any hypothetical conditions or assumptions
• The date of the appraisal report
• The relevant features of the property

Using these components, the appraiser identifies the scope of work.

The scope of work is the first step in any appraisal. Without a specific scope of work, the conclusions of an appraisal may not be viable. By defining the scope of work, an appraiser can develop a value for a property, which is the intended use of the appraisal.

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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.

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The new edition is expected to be available in October. However, ASB has issued a Summary of Action that will enable appraisers to become familiar with the changes that are part of the 2010-2011 edition. The changes will take effect on January 1, 2010.

The majority of revisions were made to the ETHICS RULE, the COMPETENCY RULE and STANDARD 3: Appraisal Review, Development and Reporting.

Two of the most significant changes are as follows:

• “A requirement was added to the Conduct section of the ETHICS RULE, stating that, prior to accepting an assignment (and if discovered at any time during the assignment), an appraiser must disclose to the client and in the report certification any services regarding the subject property performed by the appraiser within the prior three years, as an appraiser or in any other capacity.”

• “The appraiser’s obligation to allow a client access to his or her workfile when providing a Restricted Use Appraisal Report was removed.”

Present Value is a certified appraisal company and provides USPAP-compliant appraisal reports.

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A certified machinery or equipment appraisal is one that is compliant with the standards of both the National Equipment and Business Builders (NEBB) Institute and the Uniform Standards of Professional Appraisal Practice (USPAP), and verified with a personal inspection, research, data, documentation, and photographs. A certified appraiser will eliminate guesswork and tell you the fair market value of your machinery and equipment, rather than your assets’ book value, which, unlike a fair market valuation, has no comparables. You can also ask a certified appraiser to tell you your equipment’s liquidation value, salvage value, or replacement cost.   Beware the valuation of auctioneers or machinery and equipment dealers. Auctioneers and dealers may deliver valuations inconsistent with fair market value in anticipation of an auction or a profitable sale. And most auctioneers and dealers who are asked to provide an appraisal report will not deliver one that is USPAP compliant, which means that it will not meet the needs of governing authorities. By relying on non-certified appraisers like these, you open yourself up to increased costs, liability, and risk.  Present Value is a certified member of the NEBB Institute and its professionals are USPAP compliant and provide customers with certified appraisal reports that meet the requirements of financial institutions, government agencies, buyers and sellers, shareholders, and business partners. For more information about the machinery and equipment appraisal services available through Present Value, click here. By: Present Value LLC