Appraisals Explained
There are many situations where an equipment appraisal is essential—such as litigation or arbitration, securing financing through asset-based lending, estate planning, insurance claims, business sales, property tax matters, charitable contributions, corporate planning, financial reporting, and purchase price allocations, among others.
Every Appraisal Can be Approached in Different Ways
Which includes selecting the appropriate type of appraisal and defining the specific “definition of value” that best suits the purpose of the report.
What Types of Machinery and Equipment do you Appraise?
We provide valuations across a wide range of industries and asset types. Examples include textile and dry-cleaning machinery, retail store fixtures, banking and office equipment, automotive dealerships and repair shop tools, woodworking machinery, and full manufacturing plants or production facilities. Even if your specific industry isn’t listed, chances are we’ve appraised similar equipment before.
Are your Appraisals USPAP Compliant?
Yes. Every appraisal we deliver is prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP sets the recognised benchmark for appraisal practice in North America, covering real estate, personal property (including machinery and equipment), and business valuations. These standards are issued by The Appraisal Foundation, a body authorised by the U.S. Congress to establish national appraisal guidelines.
Do You Provide Certified Appraisals?
For machinery and equipment, there is no state licensing system equivalent to real estate appraisal. However, our appraisers hold professional accreditations from leading industry organisations, which require extensive training, coursework in valuation methods, USPAP compliance, an ethics examination, and years of field experience. All of our appraisers also meet the Internal Revenue Service (IRS) requirements to be recognised as qualified appraisers.
What Types of Appraisal Reports are Available?
We typically offer two primary types of reports: on-site inspected appraisals and desktop (uninspected) appraisals. Each can be prepared under different definitions of value, such as Fair Market Value, Orderly Liquidation Value, or Forced Liquidation Value, depending on your specific circumstances. If you’re unsure which approach is most appropriate, we’ll help determine the right fit for your needs.
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