Functional obsolescence took center stage in a recent property tax appeal situation. In particular, we analyzed how the development of new technology influences the value of older, less advanced equipment–in this case, glass coating machines–and how the resulting loss of value due to functional obsolescence is calculated according to best practices, or valuation standard of…Read More
3 Red Flags in Machinery & Equipment Appraisal Reports
I recently submitted a few examples of Machinery & Equipment Review problems–along with a sample review report–to an overseas valuation organization that’s putting together an in-house manual for its members. What’s interesting to me is that although this organization follows IVS instead of USPAP, is governmentally regulated in a way that ASA equipment appraisers are…Read More
BV Review Journal Publishes Appraisal Review Article
A recent article in the Business Valuation Review publication focuses on these questions while also addressing the qualities that determine credibility of an appraisal, the importance of focusing on the appraisal under review rather than the appraiser who produced it, and the importance of appraisal review education for all appraisers who perform reviews. I was…Read More
Equipment Depreciation: Discount for Ownership
Calculating accurate deprecation for equipment values is critical; explaining how that depreciation was calculated is just as important, especially for litigation cases, property tax appeals or purchase price allocation situations. Equipment can lose value in any of the three standards areas: physical depreciation, functional obsolescence, and economic obsolescence. In some valuation situations, the loss of value…Read More
Case Study: Lowering Property Tax Costs on Wine Tanks
A California client, one of the oldest continuously operated family-owned wineries in the country, wanted to review their equipment values with an eye toward possible property tax appeal. Including in the holdings were tanks, bottling equipment, support machinery and equipment including forklifts and wastewater systems, agricultural equipment, restaurant equipment and, of course, office and administrative…Read More
Busch’s Standards: Recipe for Reality, Thoughts on Chapter 1
Lawrence Busch’s Standards: Recipes for Reality covers the subject of standards in considerably more complexity than was really necessary for our purposes: developing a section on standards for appraisal review classes. As early as the introduction we found what the class needed, but by then I was already captivated by his premise that standards shape…Read More
15 Most Common Appraisal Report Mistakes
Appraisal review isn’t just for appraisers. While attorneys and CPAs may be best served by hiring a trained reviewer for questionable appraisals, they can do an initial pass using a quick checklist of a handful of common appraisal report mistakes. We discuss these errors in great detail in the ARM accreditation classes offered by ASA…Read More
Case Study: Asset Lists, Inspection & the General Ledger
We’re currently working with a speciality harvesting equipment appraisal in the Salinas area and have been working with the client to compile an asset list for the upcoming equipment inspection. Several conversations and email exchanges regarding how to compile an effective equipment list – in conjunction with some recent interesting inspection experiences – have freshly…Read More
Rest in Peace: Robert Podwalney, FASA & Life Member
Robert Podwalny, FASA and Life Member, passed away on April 16, 2018, at age 74 after a lengthy ordeal with cancer. He is survived by his wife Linda, sons Robert & Daniel, and his sister Alexandra, grandchildren Kayla, Evan, Emma, Lili and Lincoln, as well as many nieces, and nephews. You can read more about his…Read More
Family Law & Litigation Q&A in Healdsburg, May 21, 2018
We’re hosting a Q&A about equipment appraisals for litigation and family law in Healdsburg on Monday, May 21, 2018. If you’re in the area, we hope you’ll join us. For more information or to register for the event, click here Please visit our Attorney Support page to learn more about our services for the legal community….Read More
6 Tips for Divorces with Equipment Appraisals
Divorce is never easy. If your divorce involves a business, it’s even more complex. We’ve worked with many attorneys and business owners to provide appraisals for divorces, some more amiable than others. One thing that all of these situations have in common is that by the time our appraisal firm is called in, the divorce…Read More
Successful Acquisitions include Equipment Appraisals
The headline “Common Mistake for Sellers” caught my eye in a recent article about acquisitions in the printing industries’ Printing Impressions: Common Mistake for Sellers Sellers almost invariably overestimate the value of their equipment, according to Hahn. The only way to get an accurate estimate, he adds, is through a professional, industry-specific equipment appraisal, the results…Read More
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