I’ve always loved planes. Doesn’t everybody? Oh sure, I have a special affection because my father was an aviation engineer who used to take me up to the cockpit to meet the pilots in the good ol’ days when flying was still an adventure and a luxury. And in my mom’s family, my favorite uncle…Read More
From Roger Durkin Esq. ASA, RE: The U. S. S. Constitution (Old Ironsides)
As a combat vessel, carried 48,600 gallons of fresh water for her crew of 475 officers and men. This was sufficient to last six months of sustained operations at sea. She carried no evaporators (i.e. fresh water distillers). However, let it be noted that, according to her ship’s log,”On July 27, 1798, the U.S.S. Constitution…Read More
The Difference Between Value and Price
The purpose of an equipment appraisal drives the definition of value. For instance, when a Sacramento bank requests an appraisal of heavy equipment owned by a construction business in West Sacramento for the purposes of a collateral loan, we are likely to use Orderly Liquidation Value because that would give the lender the most accurate…Read More
The Central Coast Supports an Amazing Number of Agricultural Operations
Equipment Appraiser extolls the beauty and industry of agriculture in California’s Central Coast, including the counties of Santa Cruz, Santa Clara, Monterey, San Luis Obispo, Santa Barbara and Ventura, perhaps one of the most highly mechanized agricultural areas in the world. Read More
Appraisal Seminar with Les Miles
San Francisco ASA chapter offers important appraisal seminar on Advanced Cost Approach with Les Miles in mid-June. Read more about the seminar offering, instructor Les Miles, and why this seminar is important for appraisers in all areas as well as accountants for understanding appraisal applications; attorneys questioning expert witnesses who speak to such use of the cost approach; tax consultants & taxing authorities needing to make applications for presentations to the various taxing authorities or considering whether hiring an appraiser is worthwhile; bankers and asset-based lenders assessing outside appraisers; and anyone needing to contract appraisals or make their own value estimates. Read More
American Society of Appraisers Election Results
American Society of Appraisers members elect new slate of officials. Locally, Sacramento Equipment Appraiser Jack Young elected to Vice-president of ASA NorCal chapter. Read More
The Bankruptcy Appraisal Process: 5 Steps to Saving Money – Part 2
PART 2: Cut costs on your equipment appraisals with these 5 simple steps from Northern California ASA Equipment & Machinery Appraiser, whatever your business: agriculture, manufacturing, construction or excavation, recreation, heavy equipment, rolling stock or shop production. This Part 2 of 2 discusses details of providing useful equipment photographs, planning an efficient on-site inspection, and working with a qualified, accredited equipment and machinery appraiser. Following these steps will provide you with the equipment appraisal you need for the least amount of cash outlay. Read More
The Bankruptcy Appraisal Process: 5 Steps to Saving Money
PART 1: Cut costs on your equipment appraisals with these 5 simple steps from Northern California ASA Equipment & Machinery Appraiser, whatever your business: agriculture, manufacturing, construction or excavation, recreation, heavy equipment, rolling stock or shop production. This Part 1 of 2 discusses details of preparing a thorough Asset Spreadsheet in an electronic program and providing complete Equipment Information, including reports needed for Speciality Equipment and Machinery. Carefully following these steps will provide you with the equipment appraisal you need with the least amount of cash outlay. Read More
Choosing a Bankruptcy Equipment Appraiser
Choose an equipment appraiser who will make bankruptcy filing easier, not more difficult. Be sure that the equipment and machinery appraiser providing the bankruptcy appraisal is qualified, experienced, and approved by your Bankruptcy Attorney. Read More
Before Getting a Bankruptcy Appraisal, Obtain Legal Assistance
Considering bankruptcy? Before calling an equipment appraiser for an appraisal of your business assets and equipment for bankruptcy purposes, call a bankruptcy attorney. Good legal advice can save business owners costly mistakes in the bankruptcy process, including the possibility of disqualification. With your attorney’s help, you can decide if filing for bankruptcy is the best option for your business and determine the steps along the way, including a qualified equipment appraisal of your business assets. Read More
Collector Car Appraisals for Remote Purchases
If you are buying an automobile from a remote location and you need to have someone take a look at it to be sure the paint job is flawless, the chrome is spotless, the upholstery is properly rolled and tucked, there isn’t a quarter panel from China, and the windows are whole, you probably don’t really need a USPAP automobile appraiser. I suggest that you save your money and put in a call to the premier automotive repair guy in the neighborhood where your possible purchase is located. Read More
ASA Education in SF: Les Miles, ME207, Advanced Cost Approach, June 16-18
Les H. Miles, Jr., FASA, CEA, FAPI, will teach a 3-day seminar–ME 207, Advanced Cost Approach–in San Francisco this June, 16-18. This is an important seminar not only for machinery & equipment appraisers, but for anyone interested in using or understanding the theory and practice of advanced cost approach in appraising: appraisers, of course, in any specialty area, but also realtors, loan officers, attorneys, bankers and CPAs. Read More
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