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
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
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
SBA Loan Appraisals: Machinery & Equipment
The recent passage of the Small Business Jobs Act (H.R. 5297) has galvanized the business loan market. A qualified ASA machinery and equipment appraiser discusses the importance of USPAP compliant equipment appraisals for both the lending institutions and the borrowers in light of bank auditors and examiners who will be inspecting SBA loan files. Read More
Liquidation Values: Orderly or Forced?
Equipment appraisal values can vary widely, depending on the premise of value used. The difference between Forced Liquidation Value and Orderly Liquidation Value in particular can be wide, especially when speciality equipment or machinery is involved. Learn more with examples and explanations of why this is so. Read More
Qualified Appraisers, ASA & the IRS
An explanation of IRS standards for qualified appraisers, written by NorCal ASA president Bob Lentz, originally published in the Sept 2010 newletter for the NorCal ASA chapter. Read More
Regional Appraiser: National Professional Community
How professional association resources expand resources of Sacramento equipment appraiser Read More
Proposed Update of Valuation Terms
American Society of Appraisers proposes new Definitions of Value as approved by the Machinery and Equipment Committee and American Society of Appraisers Board of Govenors. In particular, the Fair Market Value in Continued Use definition has been expanded to break out two different approaches to future earnings: Continued Use with Assumed Earnings v Continued Use with an Earning Analysis. Please bear in mind as you read that none of these definitions have been officially accepted and some of the definitions are still being discussed. Read More
Important Definitions of Value for Machinery and Equipment
Premise of Value, aka Levels of Trade, is a critical aspect of Machinery and Equipment Appraisals. To help distinquish different premises of value for movable assets, the American Society of Appraisers provides definitions in the publication Valuing Machinery and Equipment, 2000. Read More
Jack Young Has Earned Accredited Senior Appraiser (ASA) Status
Northern California equipment appraiser accredited with international appraisal organization Read More