My California agricultural equipment appraisals almost always involve sorting the fleet into three distinct categories: general-purpose machinery, crop-specific specialty equipment, and newer AI-enabled systems. I start the sorting process when we receive the asset list and refine it during the inspection process. The first asset group is general-purpose agricultural equipment — the backbone of most…Read More
Fleet Equipment Mass Appraisal: Statistical Sampling for Asset-Based Lenders
When a bank or asset-based lender calls about an equipment appraisal on a large commercial fleet, the conversation almost never starts with “what’s it worth.” It starts with logistics. How do you inspect 2,000 specialty trailers spread across five operating yards in three states? What about the 140-tractor long haul fleet where, on any given…Read More
Donating Equipment: Tax Benefits, Appraisal Requirements, and Why You Need an Accredited ASA Appraiser
Equipment donation can benefit businesses that are upgrading, replacing, or simply discarding machinery and equipment. Do you really need a boneyard of outdated or unused assets taking up space and tying up resources? I can’t tell you how many depreciation schedules or asset lists I’ve seen with “non-operational” or “out of service” in the description…Read More
Creamery Appraisal Review: A Deep Dive into the Numbers
When determining the value of major assets, especially for large companies like a multi-product creamery, accuracy is everything. This case study uses alternative names for the entities involved; the appraisal and appraisal review details remain accurate. The case starts with an appraisal report received by Big Foot County tax assessor’s office, submitted in support of…Read More
Valuation & Appraisal Review: Commonalities in IVS and USPAP
In 2018, The Appraisal Foundation published A Bridge from USPAP to IVS. Targeted primarily to appraisers already familiar with USPAP, it’s an invaluable and concise resource for producing appraisals in compliance with International Valuation Standards (IVS). The introduction reminds readers that the standards are “more similar than different:” Many differences in the standards are superficial…Read More
Valuing Walnut Processing Equipment in a Down Market
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
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