UNDERSTANDING MACHINERY AND EQUIPMENT APPRAISALS
Machinery and Equipment Appraisals
MachineryAppraisals.net is a division of Truman Mox, Inc. A leading provider of Machinery and Equipment Appraisals across the United States.
We are a trusted third-party valuation firm. Our services include machinery and equipment appraisals as well as inventory audits. Clients rely on us for accurate, defensible reports.
Businesses need Machinery and Equipment Appraisals for many reasons. These include securing loans, buying or selling equipment, or determining the financial value of assets. We serve a wide range of industries, including:
- Farm Equipment
- Manufacturing Equipment
- Construction Equipment
- Medical & Dental Equipment
- Restaurant Equipment
- Mining Equipment
- Fitness & Gym Equipment
- Transportation Equipment
- Technology Equipment
We provide independent, third-party reports for banks, business owners, attorneys, and CPAs. Our coverage includes all 50 states and international assignments.
A Master Certified Machinery and Equipment Appraiser (MCMEA) from the NEBB Institute and an Expert Equipment Certified Appraiser (EECA) from the Institute of Equipment Valuation prepare and review every report. All appraisals are compliant with financial institution requirements.
Key Reasons for a Machinery and Equipment Appraisals
- Asset Based Lending
- New Loan Collateral
- Refinance Loan Collateral
- Annual Audit or Review
- SBA 7(a) Loan
- Loan Default Situations
- Portfolio Management
- Bankruptcy
- Landlord Repossession
- Partnership Dissolutions
- Mergers & Acquisitions
- Private Equity Due Diligence
- Form 8283 Charitable Donation
- Buy-Sell Scenarios
- Estate Settlement
- Divorce Matters
- Allocation of Purchase Price
- Eminent Domain
- Insurance Loss Settlements
- Tangible Asset Tax
Types of Machinery and Equipment Appraisal Reports
Desktop Appraisal Report
A desktop appraisal is a type of property appraisal that is conducted without a physical inspection of the property. Instead, the Machinery and Equipment Appraiser relies on outside data sources and other market data. This type of appraisal is typically used when a full appraisal with a physical inspection is not necessary or practical. For example when time, travel considerations, or budget constraints come into play. Desktop appraisals are often used for refinancing, portfolio reviews, and pre-listing valuations, among other purposes. The client will forward the Machinery and Equipment Appraiser Photographs. In addition, the client will send a list of Manufacturer names, Model Numbers, Serial Numbers, and other important data.
Full Appraisal Report
A full Appraisal reports involve your Certified Machinery and Equipment Appraiser gathering information and photographs of each item. Discusses the purpose of the Appraisal. Furthermore, the valuation method used the appraiser’s conclusions and any limitations or qualifications on the appraisal. The equipment appraiser must visually see and inspect each piece of equipment being appraised for a report of this nature.
Types of Machinery and Equipment Appraisals Values
There are numerous types of values we can provide for your Machinery and Equipment Appraisal. The three most common types to value are:
Fair Market Value
Fair Market Value is the estimated amount a property would reasonably sell for in an open exchange. It assumes a willing buyer and a willing seller. Neither party is under any pressure to buy or sell. Both are fully informed of all relevant facts. The value is determined as of a specific date.
Orderly Liquidation Value
Orderly Liquidation Value is the estimated gross amount that could typically be realized from a liquidation sale. It assumes a reasonable period of time to find a buyer. The seller is compelled to sell the item on an as-is, where-is basis. The value is determined as of a specific date.
Forced Liquidation Value
Forced Liquidation Value is the estimated gross amount that could typically be realized at a public auction. The auction must be properly advertised and conducted. The seller is compelled to sell quickly, on an as-is, where-is basis. The value is determined as of a specific date.