When can I consider having assets appraised without a physical inspection?

A "desktop" appraisal, done remotely with no physical inspection, is practical in some instances.

How does an appraiser determine the useful life for machinery & equipment?

There are 3 excellent resources generally used: the OEM, ASA life charts, and Marshall and Swift life charts.

During a valuation for a purchase-price allocation, how can an appraiser help navigate the audit review?

Hiring an appraiser experienced in "Fair Value" methodology for financial reporting will help.

When and how does an appraiser determine equipment scrap value?

With professional assistance, an appraiser figures this when it affects the appraisal at large.

How do service contracts affect the salability of used M&E?

They can add extended costs that purchasers must consider.

How do you value a workforce?

By analyzing the cost avoided by having a trained workforce.

What is the difference between a field exam and an appraisal?

While there can be some overlap in duties, field examiners and appraisers, for the most part, have very different responsibilities.

How can I use an appraisal to appeal my firm's personal property taxes?

An appraiser can help build a case for appeal by providing depreciation curves that reflect real market transactions and research.

How often should I update my inventory appraisal?

Look out for events or triggers, specific to your company, that might indicate it's time for a new appraisal. Here are a few to look out for.

What are the different types of liquidation sales and which produces the highest return?

There are three primary types of liquidation sales: auction sales, orderly liquidation sales and sealed bid sales.

Is there machinery and equipment that could be considered in the value of real property improvements?

The short answer is "Yes;" however, there is much to consider when an appraiser is making this determination.

How much does a machinery appraisal cost?

To answer this question, the scope of the project must be accurately defined so the amount of time needed to complete the project can be estimated.

What options exist when there is no market demand for specific machinery?

What time frame should be used in the Orderly Liquidation Value definition?

Unfortunately, the right answer to this very important question adds little clarity for users of appraisal reports who want a hard and fast rule.

How long is my appraisal valid for?

It depends. As a general rule, the purpose of your appraisal and any changes in the business since the valuation date will drive the length of time that the appraisal will remain valid.

Why is the valuation date critical to an appraisal engagement?

Depending on the use of the valuation report, the body governing or regulating the valuation requirement will usually specify what effective date must be reflected in the appraisal.

Why is it important the appraiser fully understands the scope and purpose of a valuation project before submitting a proposal?

Like a gourmet chef that must know the type and quantity of ingredients and appropriate cooking instructions, an appraiser needs to know what assets are going to be valued, and the purpose of the appraisal to quote and execute the assignment correctly and efficiently.

Do real world disposition strategies differ from the assumptions made in inventory appraisal definitions?

Yes, it can, because the assumptions set forth are hypothetical and do not always mirror the exit strategy actually executed.

How does an appraiser determine the useful life for machinery & equipment?

There are 3 excellent resources generally used: the OEM, ASA life charts, and Marshall and Swift life charts.

A major competitor made an unsolicited (and significant) offer to acquire my small business. What should my next step be?

Fortify yourself with timely information about developing market trends and make an informed decision – one that ensures the highest results.