I’ve appraised a number of walnut processing faculties in the past few years, some for California Section 2000 shareholder disputes, others for IRS gift and estate tax, and one outcome has been consistent: the value of walnut processing equipment is not what it was. These current low values are mostly due to two intertwined factors:…Read More
Valuation Terms: Clarifying Purpose and Intended Use
Ever felt confused about the appraisal / valuation terms “purpose” and the “intended use”? Join the club! The difficulty is historical. The Uniform Standards of Professional Appraisal Practice (USPAP) officially re-purposed the turn “purpose” in the 2005 edition, explaining that Edits were made throughout the document [USPAP] regarding the term purpose, due to its varied…Read More
Appraisal Review Rebuttal Report for Business Litigation: Shareholder Dispute
In business litigation, accurate machinery and equipment valuations supported by evidence and logic are crucial, particularly in cases involving complex shareholder disputes over machinery, equipment, or other business assets. Whether for partnership disputes or buyouts, equipment valuations are expected to provide information needed to determine fair financial outcomes. In many cases, however, machinery and equipment…Read More
Case Study: Equipment Appraisal without Evidence – A Reviewer’s Perspective for Attorneys
In a fire damage litigation case of vehicles and material handling equipment — including a number of specialized reach lift stackers — at a major port, I came on board to review an appraisal report entered into evidence by the insurance company of the firm deemed responsible for the fire. In this case, as in…Read More
ACF CARB Regulations & Vehicle Values
ACF: The next appraisal chapter in the continuing fleet emission technology story The California Advanced Clean Fleets regulation intends to convert nearly 30% of the medium- and heavy-duty fleet vehicles operating in the state—including 100% of drayage vehicles—to zero-emission vehicles (ZEVs). Equipment appraisers need to be aware of vehicle categories affected, technology hurdles that must…Read More
ASA elects Jack Young as First ARM Discipline Governor
It’s a huge honor to be elected by my peers as the first discipline governor to represent #ASAARM. The ASA Newsroom created a press release highlighting the positive growth of the Appraisal Review and Management discipline that made this position possible. I’ve provided the entire article from he ASA Appraiser Newsroom in this post. ASA Elects…Read More
Stabilization of Value: Expanding the Appraisal Lexicon
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
Eminent Domain: Processing & Manufacturing Facilities
More than one legal organization expects that the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA) approved by the 117th Congress will lead to a significant increase in eminent domain activity. These investments in public works – in the industries of transportation, energy, water resources and broadband – are expected to…Read More
Spray Dry Technology: Atomizers and Evaporators
We regularly appraise food processing plants, and one constant is that they are all fascinating. From the basics of rice and almond processing, the specialty equipment of row-crop packaging and winemaking, to the intricacies of legacy facilities, I remain amazed by the technology. When I was hired by a CPA to appraise his client’s evaporation…Read More
Throwback Thursday: Campbell’s Sacramento Legacy
In 2014, I walked into the old Campbell’s Soup plant in south Sacramento with a camera, clipboard, a pad of paper, a limited asset list, and noted appraiser Bob Podwalny. Our assignment was a retrospective 2013 property tax appraisal. Comstock’s article about the facility’s redevelopment references the plant as one of the “oldest and most…Read More
Appraisal Review Standard of Care for Attorneys
The Association of Certified Family Law Specialists published this article in their journal’s Summer 2021 ACFLS Family Law Specialist. Appraisal review is, first and foremost, a standardized process that provides guidelines for assessing the overall quality of an appraisal relative to applicable standards, while concurrently addressing the degree to which that appraisal is credible, logical, and…Read More
Valuing Recycling Equipment: Case Study
Considering obsolescence for recycling equipment Following the most recent transfer of ownership, an expansive multi-generational waste management and recycling corporation in central California needed a business valuation for gift tax return. While a business valuation can be performed without an equipment valuation, in the case of machinery-heavy industries, the prudent option is to involve…Read More
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