In many of my appraisals, particularly for used in litigation, I’m frequently asked to justify the opinion of value for equipment that has outlived its expected life. Part of the general confusion can be attributed to the common misunderstanding between an accounting depreciation schedule and the practical value of machinery or equipment, including the oversimplification…Read More
State Board of Equalization Equipment Appraisal Presentation
At the State Board of Equalization meeting Friday, December 6, 2019, I served as one of five panelists for a discussion of Assessment of Personal Property & Fixtures: Ensuring Accurate & Consistent Valuations & Application Methods. The other equipment appraiser on the panel was my colleague Garret Schwartz. Panelists affiliated with the assessor’s office were…Read More