Lenders are required to substantiate equipment values to safisfy the U.S. Small Business Administration (SBA) and Bank Examiners. CPAs are also required by the IRS to substantiate equipment values to satisfy the Pension Protection Act of 2006 and AICPA Standards of Valuation #1.
A feasibility study examines the practicability of a proposal, business venture or idea. The principal function of this is to determine if the project will continue or not. In business, feasibility studies work in a number of reasons.
Where is the demand for Agricultural Equipment headed? Here at Truman Mox we are seeing the demand for Agricultural Equipment stays steady as supply increases. The Midwest states of Ohio, Indiana, Iowa, Oklahoma, Texas, Missouri, Nebraska, Arkansas, Illinois, Wisconsin, Michigan, Tennessee, Kentucky and West Virginia are seeing record dry spells.
There are many reasons to obtain a Certified Equipment & Machinery Appraisal. Here is a brief list of the top reasons equipment appraisals are obtained. Loans – More banks are relying on certified equipment and machinery appraisals to justify loan decisions for portfolio loans.
Often we get calls into the office wanting to know if we will travel for an assignment. And we always stress to all our customers that we will due the necessary tasks to get the job done! And if that includes traveling we are happy to do so.
Extremely important, a feasibility study focuses on answering the essential question in regards to proceeding with a proposed project. All aspects of the study are directed toward helping answer this question. Feasibility studies can be used in many industries such as hotels, hospitality, convention planning, agricultural and restaurants to name a few.
