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
Appraisals for Insurance Purposes: Replacement & Reproduction Values
Appraisals for Insurance Reasons? Newly proposed updates to official Definitions of Values from the Machinery and Technical Specialities branch of the ASA include changes to the definitions of Reproduction Cost New & Replacement Cost New as they relate the the insurance industry. 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
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