Appraisal review raises the bar on appraisal reports by providing professional, expert review of how well the report aligns with standards of appraisal practice, including the ability of the intended user to understand the report. Appraisal review, as discussed in a previous post, is a standardized methodology that provides guidelines for adjudging the overall quality of…Read More
Finding the Best Equipment Appraiser
This article by Joe Santora, ASA, was published earlier this summer on Equipment Finance Advisor and subsequently on Joe’s LinkedIn page, where I found it. I think you’ll enjoy Joe’s explanation of why choosing your equipment appraiser wisely is a critical step in the equipment finance process. Thanks, Joe, for granting permission to republish here! “You have…Read More
Equipment Appraisal Reconciliation
Reconciliation is the final process for the equipment appraiser when more than one approach to value is used in an equipment valuation. That process involves reconciling the values from the separate approaches and resolving, if necessary, any differences in order to arrive at a final opinion of value. The question here is: “Why in the world…Read More
3 Ways to Calculate Equipment Value, According to USPAP
Let’s say you’re getting an equipment appraisal on your metalworking facility, your food processing plant, a manufacturing facility or trucking company. When you think about how an equipment appraiser might research the values for your fleet vehicles, your food processing equipment, or your CNC machines, drills, presses, etc., you probably assume the sales comparison approach….Read More
Learning How It Works
When I was 15, my family lived for awhile in the Ozark mountains outside of Branson, Missouri. For a kid who loved to hike, fish and hunt, this was pretty much heaven. The hills and open woods reminded me of the Pennsylvania family farm and my dog and I would wander all over the mountains…Read More
How to Value a Restaurant
Equipment appraisals are just one part of a business valuation. In this guest blog, my CalCPA colleague Tom Collins takes us beyond restaurant equipment appraisals into the world of restaurant business valuation. Tom is a Sacramento CPA who specializes in business valuation and forensic accounting. To learn more about his services, and read some of his…Read More
Seeds of an Appraisal Career
I spent last week back east visiting my uncle and cousins at the Young family farm, where my uncle, who grew up there, now raises goats, grains and vegetables and boards horses on the property. My grandfather (Pappy) wasn’t raised on a farm, but as a young man he built an old style dairy farm…Read More
Due Diligence vs. Gut Feelings in the Valuation Process
Thanks to Joseph Orlando, ASA, Director of Business Valuation at Frank, Rimerman + Co. LLP in St. Helena, CA, for this interesting discussion on the importance of perspective in the valuation process. Joe currently serves as Treasurer on the ASA Northern California Chapter Board and has been nominated as Discipline Director for Business Valuation. It’s been…Read More
USPAP 2014-15: 7 Notable Changes
Every two years, USPAP (Uniform Standards of Professional Appraisal Practice) gets an update. That doesn’t mean, of course, that all appraisers are learning about the updates in the same year that the new version of USPAP hits the streets. In fact many appraisers only take a USPAP class every 5 years! Or, as we discussed in…Read More
Drought and its Impact on Valuing Agricultural Equipment
Several equipment appraisal report clients have recently asked me to include information on California’s on-going drought conditions and how current and continuing conditions might affect the value of the equipment appraised. It’s an interesting situation for an equipment appraiser to be in. As a rule, equipment appraisal reports state that the opinion of value provided…Read More
The Financial Risks of Flawed Appraisals
A previous post introduced the five qualities of a credible appraisal, and in a perfect world, the equipment appraisal report you’re basing financial decisions on would always adequately address those USPAP-specified qualities. The fact is though, that in this imperfect world many equipment appraisal reports don’t meet the basic requirements of completeness, accuracy, adequacy, relevance,…Read More
Appraising Hotel Equipment for the Holidays
Equipment appraising over the holidays? More fun than you’d think! Not only do we love our work, of course, but we got a great unexpected assignment that couldn’t wait. So instead of decking the halls, we celebrated by packing laptops, clipboards, measuring tape, and mechanical pencils into our intrepid travel office and driving through the…Read More
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