{"id":12229,"date":"2014-06-04T20:47:06","date_gmt":"2014-06-05T00:47:06","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/machinery-and-equipment-valuation-steps\/"},"modified":"2022-11-29T10:18:03","modified_gmt":"2022-11-29T15:18:03","slug":"machinery-and-equipment-valuation-steps","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebb\/blog\/machinery-and-equipment-valuation-steps\/","title":{"rendered":"Machinery and Equipment Valuation Steps"},"content":{"rendered":"

\"NEBBI<\/a>We\u2019ve blogged quite a bit about valuations and appraisals \u2014 who does them, why they\u2019re important, and so forth \u2014 but we\u2019ve never really broken the valuation process down step by step. So in case you\u2019re curious, here\u2019s how the magic happens.<\/p>\n

Step 1: Assessment<\/p>\n

This is where the appraiser identifies who the client is, exactly what needs to be appraised, the purpose of the appraisal, intended use, and the definition of value.<\/p>\n

Step 2: Collection<\/p>\n

In this step, the appraiser collects information relevant to the valuation. He or she establishes and classifies each equipment asset, and describes each by specific characteristics like serial number, manufacturer, and hours\/miles.<\/p>\n

Step 3: Application<\/p>\n

The appraiser determines which of the three approach should be used \u2014 sales comparison, cost, or income \u2014 \u00a0and applies that to the valuation at hand.<\/p>\n

Step 4: Valuation<\/p>\n

Using the approach chosen in step 3, the appraiser develops an opinion of market value for the equipment.<\/p>\n

Step 5: Wrap-Up<\/p>\n

Finally, the appraiser will put together the appraisal report in accordance with Standard 8 of USPAP. After any reconciliations are made, the report is delivered to the client identified in step 1.<\/p>\n

Of course, this is just a general formula and each case is unique, but it should give you a good idea of how the process works.<\/p>\n

The NEBB Institute<\/i><\/a> endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery\/equipment appraisal and brokerage.<\/i><\/p>\n

By: <\/i>NEBB Institute<\/i><\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

We\u2019ve blogged quite a bit about valuations and appraisals — who does them, why they\u2019re important, and so forth — but we\u2019ve never really broken the valuation process down step by step. So in case you\u2019re curious, here\u2019s how the magic happens. Step 1: Assessment This is where the appraiser identifies who the client is, […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[481,87,482,477,483,296],"class_list":["post-12229","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-application","tag-appraisal","tag-assessment","tag-checklist","tag-collection","tag-valuation"],"yoast_head":"\nMachinery and Equipment Valuation Steps - NEBB Institute<\/title>\n<meta name=\"description\" content=\"Step 1: Assessment -This is where the appraiser identifies who the client is, exactly what needs to be appraised, the purpose of the appraisal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebb\/blog\/machinery-and-equipment-valuation-steps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Machinery and Equipment Valuation Steps\" \/>\n<meta property=\"og:description\" content=\"Step 1: Assessment -This is where the appraiser identifies who the client is, exactly what needs to be appraised, the purpose of the appraisal\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebb\/blog\/machinery-and-equipment-valuation-steps\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-05T00:47:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-29T15:18:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nebbinstitute.files.wordpress.com\/2014\/06\/nebbi-checklist.jpg?w=244&h=183\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebb\/blog\/machinery-and-equipment-valuation-steps\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebb\/blog\/machinery-and-equipment-valuation-steps\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebb\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Machinery and Equipment Valuation Steps\",\"datePublished\":\"2014-06-05T00:47:06+00:00\",\"dateModified\":\"2022-11-29T15:18:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nebb\/blog\/machinery-and-equipment-valuation-steps\/\"},\"wordCount\":517,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebb\/#organization\"},\"keywords\":[\"application\",\"appraisal\",\"assessment\",\"checklist\",\"collection\",\"Valuation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nebb\/blog\/machinery-and-equipment-valuation-steps\/\",\"url\":\"https:\/\/www.certitrek.com\/nebb\/blog\/machinery-and-equipment-valuation-steps\/\",\"name\":\"Machinery and Equipment Valuation Steps - 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