Next time you walk into a grocery store, take a moment to appreciate all the equipment on the sales floor –– from the cantilevered gondola shelves to the automated checkout stands, the food bar, water dispensing machine, and of course, all the refrigerated display cases: enclosed freezers, reach-in refrigerated cases, the open topped freezer boxes…Read More
What’s so Fair about Fair Market Value?
When you think about “Fair Market Value” in equipment appraisal reports, what do you think the “fair” part means? We had this discussion not long ago at an appraisal report writing class regarding the new USPAP regulations and the consensus was that the “fair” part of “fair market value” is redundant. Market Value, by definition,…Read More
Purchase Price Allocation Appraisals
When CPA firms need appraisals for financial reporting purposes, it’s often related to business combinations. Appraisals for business combinations are most commonly needed when one business entirely gains a controlling interest over another. At that point, the purchase price allocated on the books needs to be split out, with specific amounts allocated to inventory, land,…Read More