Whether retail propane companies need an equipment appraised for collateral lending situations, buy-sell agreements, family law, estate tax or any other reason, the equipment appraiser needs to take a good look at not only the basic equipment of the retail propane industry — trucks and trailers, customer tanks, and large volume storage tanks — but…Read More
Appraising Propane Equipment: Delivery Trucks
Earlier, we reviewed current conditions in the retail propane industry, a commodity-based industry in a mature market place suffering from reduced sales and relatively flat projected growth. With a general understanding of the industry situation, the retail propane equipment appraiser can more easily address the interesting challenges in valuing the 3 standard equipment categories of…Read More
Appraising Propane Equipment: Industry Overview
Retail propane companies may need their equipment appraised for collateral lending situations, buy-sell agreements, family law, estate tax or several other situations. Whatever the reason, when appraising retail propane equipment, it’s important for an equipment appraiser to understand the overall retail propane industry as well as how the basic equipment — trucks and trailers, customer…Read More
Considering Installation Costs in Valuations
Installation costs are one of the variables in equipment appraisal so let’s look at two valid reasons an equipment appraisal might not include installation values. The most obvious reason an equipment appraisal might not address installation costs is that a great variety of equipment doesn’t have any associated installation costs. Installation costs include freight, delivery,…Read More
CARB alert: approved emission retrofits
Just received this information from CARB: Be aware that some companies are advertising and attempting to sell devices that cannot be used to comply with Air Resources Board (ARB) diesel engine regulations. Only diesel particulate matter (PM) filters or other devices that have been verified by the ARB to meet rigorous emission reduction and durability…Read More
How Depreciation Affects Appraisal Values
So an accountant and an equipment appraiser walked into a bar … the punchline would refer to a misunderstanding about depreciation, but depreciation in equipment appraisals is no joke. Mention depreciation to an accountant and the first thing that comes to mind is the depreciation schedule, whereby the value of fixed assets are reduced annually…Read More
Appraiser on Pinterest
After receiving an email today promising to teach me all the secrets of using Pinterest to build my equipment appraisal business, I thought I’d pop over (to Pinterest, not the offered $395 webinar) and see what all the fuss is about. Boy, was I surprised to find not only a John Deere page, but also…Read More
Creating an Asset List for Appraisals
When you or a client need an equipment appraisal, the first step should be generating an asset list. Not just “oh, we have a lot of construction equipment,” but a solid, comprehensive asset list. Why is this? Because when you call an equipment appraiser to get a quote and timing, the first thing an experienced…Read More
Appraising Electrostatic Spraying Systems
Most equipment appraisers are captivated by some of the equipment they appraise and that’s certainly true of me. Earlier this year on an equipment appraisal inspection in the Salinas Valley I had the pleasure of chatting with a couple of agricultural mechanics who had modified several dozen ESS (electrostatic spraying systems) sprayers especially for berry…Read More
Raisin Harvesting Equipment: Now & Then
Raisin harvesting equipment has sure changed since I was auditing Sun-Maid raisins with CPA firm KPMG back in the 1980s. Of course that was over 30 years ago, as my son enjoys reminding me! We closed the equipment appraisal office on opening day of the State Fair and took a field trip over to Sacramento…Read More
Estate Appraisals Often Require Accredited Machinery Appraisers
What do equipment appraisers have to do with estate planning? That’s a good question and one I had to answer at length recently when applying for membership in an estate planning organization. The fact is, some of our largest equipment appraisal assignments are typically estate and or gift appraisals and about 30%-40% of our entire…Read More
Trailer Values 2012
I often tweet truck and trailer stats. Partly because I am, after all, an equipment appraiser who enjoys inspecting and researching transportation fleet equipment, and partly because truck and trailer sales could be seen as economic indicators. Last time I wrote about trailers, the used market was strong. That doesn’t appear to have changed, especially…Read More
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