PART 2: Cut costs on your equipment appraisals with these 5 simple steps from Northern California ASA Equipment & Machinery Appraiser, whatever your business: agriculture, manufacturing, construction or excavation, recreation, heavy equipment, rolling stock or shop production. This Part 2 of 2 discusses details of providing useful equipment photographs, planning an efficient on-site inspection, and working with a qualified, accredited equipment and machinery appraiser. Following these steps will provide you with the equipment appraisal you need for the least amount of cash outlay. Read More
The Bankruptcy Appraisal Process: 5 Steps to Saving Money
PART 1: Cut costs on your equipment appraisals with these 5 simple steps from Northern California ASA Equipment & Machinery Appraiser, whatever your business: agriculture, manufacturing, construction or excavation, recreation, heavy equipment, rolling stock or shop production. This Part 1 of 2 discusses details of preparing a thorough Asset Spreadsheet in an electronic program and providing complete Equipment Information, including reports needed for Speciality Equipment and Machinery. Carefully following these steps will provide you with the equipment appraisal you need with the least amount of cash outlay. Read More
Before Getting a Bankruptcy Appraisal, Obtain Legal Assistance
Considering bankruptcy? Before calling an equipment appraiser for an appraisal of your business assets and equipment for bankruptcy purposes, call a bankruptcy attorney. Good legal advice can save business owners costly mistakes in the bankruptcy process, including the possibility of disqualification. With your attorney’s help, you can decide if filing for bankruptcy is the best option for your business and determine the steps along the way, including a qualified equipment appraisal of your business assets. Read More
What’s Your Equipment Worth?
How does a qualified equipment appraiser determine the value of the equipment on your farm, manufacturing facility, restaurant, recreational center, or production shop? Three approaches to value can be used in equipment appraisal–sales comparison, cost, and income; deciding which is most appropriate for your equipment is one of the equipment appraiser’s important determinations whether appraising agricultural equipment, construction equipment, production or recreational use equipment or other business assets. Read More
The Role of Levels of Trade in Appraisals
Equipment appraisals for different reasons may yield different bottom-line values, depending on the level of trade used by your equipment appraiser. USPAP regulations require that an appraisal report “identify the type and definition of value.” Learn more about it! Read More
Valuing Specialty Equipment: Cost Approach
While equipment appraisal generally depends on Sales Comparison approach, researching an opinion of value takes an interesting turn when we appraise out-of-the-ordinary farm and manufacturing equipment. A California ASA explains the challenges and satisfaction of valuing one-of-a-kind, custom-designed & -built, just-for-our-shop/farm/assembly line creations using the Cost Approach.
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What to Expect During an Equipment Appraisal
Equipment appraisals for your business follow certain steps, whether for SBA loans, buying or selling, expansion, insurance coverage, or future strategic growth planning. Be prepared! From initial contact to finished report, this post lets you know what to expect and what to provide when having your equipment and machinery appraised by a qualified USPAP equipment appraiser. Read More
Liquidation Values: Orderly or Forced?
Equipment appraisal values can vary widely, depending on the premise of value used. The difference between Forced Liquidation Value and Orderly Liquidation Value in particular can be wide, especially when speciality equipment or machinery is involved. Learn more with examples and explanations of why this is so. Read More
Valuing Volumetric Mixing Equipment
A quick overview of the history of cement trucks and the process of inspecting them for a qualified equipment appraisal. Read More
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