We provide corporate executives with defensible, well-reasoned equipment appraisals to support their CPAs and auditors in purchase price allocations, fresh start accounting, mark to market valuations, fair value measurements, fixed asset impairment and integrated facility valuations.
Our appraisals meet the most demanding of audit requirements. As a CPA, KPMG audit department alumni and Accredited Senior Appraiser (ASA) with the American Society of Appraisers, Jack Young understands generally accepted accounting standards (GAAP). He speaks your financial language, understands your situation, and can provide valuable support services for your financial reporting needs.
CFOs, CPAs and audit firms depend on his clear, well-reasoned, defensible, unbiased, and professionally researched opinions and reports. Clients appreciate how our reports clearly and thoroughly present valuation results and logical processes in a useful format for their company’s financial decision-makers.
As an expert witness for tax boards or in audit situations, Jack provides clear and well-reasoned oral testimony based on defendable USPAP machinery and equipment appraisals that also adhere to IFRS and FASB Financial Reporting Standards.
Our equipment appraisals are used in purchase price allocations, fresh start accounting, mark to market valuations, fair value measurements, integrated facility valuations , and other financial reporting situations involving commercial industrial equipment. We provide valuation services in industries such as agricultural, manufacturing, wineries, construction, trucking, food processing and restaurants as well as many niche industries.
When you’re counting on an opinion of value, consider an equipment appraisal review by an accredited appraisal review specialist to ascertain whether or not the value is based on evidence, research, logic, and reasonable assumptions and has been produced by a qualified equipment appraiser.
Appraisal Reviews
If you’re uncertain about the values or the methodology of an equipment appraisal you’re being asked to depend upon for financial decisions, you may benefit from an appraisal review to access the credibility of the appraisal. We provides comprehensive equipment appraisal review services for CPA firms and corporations according to Standards 3 & 4 of the Uniform Standards of Professional Appraisal Practice. The credibility of the appraisal under review is determined in conjunction with USPAP in the 5 areas of accuracy, reasonableness, relevance, adequacy and completeness.
Jack teaches Appraisal Review and Management accreditation courses — classes he co-authored — for the American Society of Appraisers and is well qualified to review equipment appraisals submitted in financial reporting cases.
An Equipment Appraiser who understands your language
Jack received his Bachelor of Science in Accountancy from the Arizona State University in 1988. While in college, he worked at the local mid-sized regional CPA firm, Price, Kong & Company, preparing monthly financial statements and performing tax work. Upon graduation, he took a position in the audit department of international CPA firm KPMG.
After a few years at KPMG, he took over the operation of an auction company, where he discovered the equipment appraisal industry and immediately developed a passion for it. He quickly earned his accreditation as a senior appraiser (ASA) and founded NorCal Valuation and has gone on to become a respected member of the machinery and equipment appraisal industry as well as a leader in appraisal review and management.
Call us for your financial accounting appraisal needs
To decide how our Financial Reporting Appraisals can help your business with purchase price allocation, integrated facility valuations, fair value measurements, fresh start accounting or mark to market valuations, call us at 530.795.5536.