WHY A MACHINERY & EQUIPMENT
APPRAISAL?
THERE
ARE NO LESS THAN 20 REASONS WHY A CERTIFIED MACHINERY & EQUIPMENT APPRAISAL
IS REQUIRED BY LENDERS, CPAS, ATTORNEYS, BUSINESS OWNERS, AND OTHERS.
Lenders
are required to substantiate equipment values to satisfy the U.S. Small
Business Administration and Bank Examiners. CPAs are also required by the IRS
to substantiate equipment values to satisfy the Pension Protection Act of 2006
and AICPA Standards of Valuation. Likewise, Attorneys need to rely on a
qualified and certified appraisal when representing a client when equipment is
to be divided or allocated.
Each
of these professionals all ask the same question: "What's the equipment
really worth?" They may even ask…"Is there goodwill?" "Do
only the tangible assets of your business have value?" If so, how are
those assets valued?
Which
of these methods do you typically use to determine equipment value?
- Do you guess?
- Do you rely on the word of a non-certified person who may have a hidden agenda?
- Do you rely on the depreciation schedule or book value?
BEWARE! Guessing,
relying on the word of a non-certified person, or relying on a depreciation
schedule is inaccurate, unsubstantiated, filled with liability, risky, and will
not hold up to scrutiny!
Estimating
the value of your machinery and equipment at any given time requires the
specialized skills of a professional who has the expertise and certification to
determine its value. Whether you need to know the fair market value or other
standards of value such as liquidation value, salvage value or replacement
cost, doesn’t it make sound financial sense to obtain a credible Certified
Equipment Appraisal Report that holds up under scrutiny with financial
institutions, government agencies, buyers, sellers, shareholders or partners?
(HINT…YOU’VE
PROBABLY NEEDED A CMEA PROFESSIONAL ON MORE THAN ONE BUSINESS OCCASION, BUT YOU
JUST DIDN’T KNOW A CERTIFIED MACHINERY AND EQUIPMENT APPRAISAL WAS REQUIRED
UNTIL NOW!).
Briefly...Here
are 20 typical reasons why you NEED to obtain a Certified Machinery &
Equipment Appraisal by a Certified Machinery & Equipment Appraiser (CMEA)
- Business Valuations
- Financing (Lending, Leases, etc.)
- Buy/Sell Agreements
- Insurable Value
- Tax Purposes
- Insurance
- Cost Segregation
- Property Taxes
- Gift Planning Retirement Planning
- Mergers and Acquisitions
- Divorce Settlements
- Estate Settlements
- SBA Loans
- Trust Agreements
- Partnerships
- 1031 Exchanges
- Litigation Support
- Sarbanes-Oxley
- FASB 141/142
- GASB 34
CALL ON THE
APPRAISAL SERVICES OF A CMEA PROFESSIONAL TODAY. YOU’LL BE GLAD YOU DID!
CONTACT US!
Eng. Carlos Miranda, PE, MAI, SRA, MRICS, CCIM, CMEA, CSBA
Real Estate
Appraiser Machinery & Equipment Appraiser
State-License Real
Estate Appraiser 643EPA
State-Certified
General Real Estate Appraiser 165CG
Tel: 787-399-1598
Email: ccimpr@gmail.com
Website: www.international-appraisers.com
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