Salinas, CA – Ag equipment appraisals in Salinas are always a good time. First, there’s that good looking equipment! From top-of-the-line standards to well-maintained, customized classics, the sprayers, spreaders, planters & seeders, harvesters, tractors and other equipment tends to be some of the best in the state. Assets like that are a real treat for…Read More
The Myth of Auction Value in Appraisals
Lately, we’ve gotten a couple of calls asking for equipment appraisals at “auction value.” That’s a tough one! Auction value, you see, isn’t an appraisal value at all. USPAP requires compliant appraisals to define the value being used and to cite the authoritative source of the definition and I’ve yet to see any respected authoritative source—whether…Read More
Considering Absorption in Valuations
The concept of absorption is used relatively often in real estate appraisal and the same concept, known as “blockage,” is a well-documented in the art valuation world, particularly in tax-related appraisals. The term “blockage” — used by the IRS — derives from issues related to selling a large block of stock and seeing the related…Read More
USPAP 2012-2013
UPDATE, March 8, 2012: We got a call this morning from the fine folks at the Appraisal Foundation asking us to remove the link to the free Gold app USPAP publication originally included in this blog, so you will not be able to click through to that. The flip book link was allowed to stay….Read More
Congratulations to Bob Podwalny FASA, Lifetime Member of the ASA
As a machinery and equipment appraiser, I’m especially proud that the American Society of Appraisers board of governors has approved Robert Podwalny for Life Membership in the ASA. I was part of the nominating committee from the ASA NorCal Chapter and we were pleased to be able to make this announcement at last month’s meeting….Read More
Scope of Work for Appraisals
As an equipment appraiser, I can verify that defining the scope of work is a critical first step in any appraisal process. Even before quoting a price on an equipment appraisal, we need to closely define our scope of work. Scope of work is defined by our friends at USPAP (Uniform Standards of Professional Appraisal Practice) as…Read More
Robin Erdmann ASA, RP
I regret to announce that Robin Erdmann, ASA in RP and our former ASA NorCal Chapter President (2008-2009), passed away unexpectedly on Thursday, December 22, 2011, after a very short illness. He had just turned 60 a few days before. Robin is credited with the resurgence of our ASA NorCal Chapter; we remain very grateful…Read More
Appraisals along the Central Coast
What was this equipment appraiser thankful for in November? I got to spend most of Thanksgiving week working in & enjoying California’s Central Coast, focused on an inspection of a manufacturing concern for tax estate purposes in the Salinas Valley area and one very long day of ASA meetings in Costa Mesa. The non-work related part?…Read More
When to Choose a Desktop Appraisal
Like most equipment appraisers, I generally discourage equipment desktop appraisals. Most folks who ask for one are making an assumption that a desktop appraisal, since it wouldn’t include a physical inspection of the equipment, would be less expensive, or at least quicker, and usually, it’s not. That’s not to say that I never do a…Read More
Tax-Related Appraisals: Section 6701 & Circular 230
This is the second half of an article on the consequences of the Internal Revenue Service’s new and significant enforcement initiatives that specifically target abusive tax-related appraisals and the individuals who prepare them. Read the first half here in a previous post. Authors are Jay Fishman, FASA, Business Valuation Review Editor and Chairman of the…Read More
IRS Targets Abusive Tax-Related Appraisals
I thought I’d pass along some information about the IRS strategy for Estate Tax Returns and their related appraisal. The moral of the story is to hire a qualified appraiser and save a lot of trouble. Because this article is so long, I’ve broken it into 2 separate posts. The second half will post next…Read More
The Value of Construction Equipment is on the Rise
Construction equipment appraisals are a staple in our business, so I was interested to run across an article in the September issue of MonitorDaily reporting that values of used construction equipment have been on the rise for most of this year. This corresponds with what I’ve been noticing in values for construction equipment appraisals this…Read More
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