A certified machinery and equipment appraisal is compliant with the Uniform Standards of Professional Appraisal Practice (USPAP). Whether you need to know the fair market value, orderly liquidation value and/or forced liquidation value of your equipment, the professionals at Truman Mox, Inc we 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, small business administration (SBA), buyers and sellers, shareholders and partners. Our experience and expertise extends across all machinery, equipment and technical specialties.
Why Would You Need The Professional Services Of A Certified Appraisaer?
Sellers need to know that they are not selling too low or pricing their machinery/equipment above the fair market value. Buyers want to know that they are not paying too much to purchase the machinery/ equipment.
For allocation purposes, the IRS requires buyers and sellers to agree on the value of tangible assets involved with a business transfer. They must allocate a particular value for tangible assets as well as goodwill.
Relying on the expertise of a CMEA reduces your risk of liability.
A Certified Machinery/Equipment Appraisal holds up under scrutiny with courts, financial institutions, and other lenders.
Machinery & Equipment Appraisal Report Types
SUMMARY APPRAISAL REPORT
A summary appraisal report is typically utilized for estimating the value of machinery and equipment. On-site inspection details are included in the appraisal report. This USPAP compliant report expresses value as a single figure for each tangible asset valued and the aggregate is reported as a single number.
DESKTOP APPRAISAL REPORT
A desktop appraisal report is typically used to determine value without the expense of an on-site inspection and detailed analysis of the condition of the machinery or equipment. You send us pictures and a brief description of the machinery or equipment and we provide a value based on this information.
What is USPAP?
The Uniform Standards of Professional Appraisal Practice (USPAP) are the generally accepted standards for professional appraisal practice in North America. USPAP contains standards for all types of appraisal services. Standards are included for real estate, personal property, business and mass appraisal.
February 27, 2013 12:00 am