Machniery & Equipment Appraisals
Central Washington Appraisal Services Include Machinery & Equipment Appraisals
We are Certified Machinery & Equipment Appraisers (CMEA) ... and Board Certified Manufactured House Valuation appraisers . Our machinery and equipment is an accreditation conferred by The NEBB Institute, http://www.nebbinstitute.org/. It is distinct from the business appraisal/valuation certifications. Reports developed in these engagements are USPAP compliant.
Why an equipment appraisal? To establish a value in connection with a business transaction, estate, gift tax return, collateralization, or in connection with a business restructuring or liquidation.
Here are other reasons for an appraisal of machinery and equipment:
- Purchase and Sale Agreement (single or combined number of pieces of equipment)
- Purchase Price Allocation
- Bank/Financial Institution Financing
- Buy/Sell Agreements
- Arrive at the Insurable Value
- Bankruptcy (Commercial and Consumer cases)
- Tax Purposes
- Insurance (claims)
- Cost Segregation
- Property Taxes (appeals)
- Estate and Gift Tax Reporting and Planning
- Retirement Planning
- Mergers and Acquisitions
- Divorce Settlements
- SBA Loan Financing
- Trust Agreements
- 1031 Exchanges
- Litigation Support
- FASB 141/142
- GASB 34
If you or a client of yours thinks a CMEA report is needed, contact us for a quote,
Whether the engagement ultimately involves a bank or financial institution or a buyer of the business (such as a hospital acquiring a physician group), the entity ordering the report is considered the "client". This means that the report can only be released to that entity; they would need to authorize the release of a report to you or your client. In many instances, a good starting point is with a summary of the assets, which includes: 1) when purchased, 2) the model and make, 3) VIN, 4) cost of the item(s), 5) condition of the item(s), and 6) improvements made to extend the useful life. The CMEA appraiser will need to look at maintenance records and see the same operating as part of the engagement. Usually, the appraiser will visit the entity after hours (when the employees are not present) since the engagement involves documenting and photographing the equipment in question and in the after hours the disruption factor is minimized or eliminated.
While our CMEA training and experience allows us to value manufactured homes as personal property, the training we received to become Board Certified Manufactured Housing Valuation (BCMHV) appraisal designation enables us to value manufactured houses (personal property) used by businesses as offices or for storage of office equipment, as well as manufactured homes in mobile home parks for landlords, prospective tenants interested in buying a manufactured home in a park and lenders serving this niche market.