Did you know that your client’s machinery and equipment has a value that can substantiate, strengthen, or even lose the most successful case in court? After all, if you rely on a guess, a depreciation schedule, or an uncertified auctioneer or dealer to determine a value, it’s inaccurate and will not hold up to scrutiny […]
Did you make a resolution at the start of 2012 to become a certified machinery and equipment appraiser (CMEA)? Did you keep it? If not, don’t beat yourself up. It’s said that approximately 85% of New Year’s resolutions go unfulfilled. The good news is that it’s never too late. You can resolve to add the […]
Many companies are spending the last couple of weeks of 2012 putting the final touches on end-of-year budgets for 2013. Often those budgets include getting rid of old equipment to make room for the new. NEBB Institute CMEA members might have many customers or potential customers in this situation, and taking advantage of it is […]
As an accountant, you can reduce the risk of liability when you rely upon a “qualified” USPAP compliant appraisal by a “qualified” appraiser. Specifically, you can rely with confidence on a Certified Machinery & Equipment Appraisal prepared by a Certified Machinery & Equipment Appraiser (CMEA). A CMEA is experienced in collecting, substantiating, reporting and determining […]
An error in a machinery and equipment appraisal can be costly. You should have confidence that the appraisal values are accurate and are backed by evidence to support the fair market value. The following factors can help ensure that your machinery and equipment appraisal report will hold up under scrutiny. Certified Machinery and Equipment Appraisal […]
Energizer, the well-known maker of disposable batteries, recently announced that it will close its plant in northwest Missouri in 2013. Unfortunately, this move will leave about 300 workers jobless. Early in November, the company also announced its plans to close its Maryville, Missouri, plant. These plant closures are party of the company’s reaction to the […]
A recent article in Equipment World, “Take charge of your equipment appraisal,” discusses why it is important for fleet managers to take an active role when it comes to getting a machinery and equipment appraisal for their fleet assets, and it provides some tips on how to work with both appraisers and get the most […]
An Employee Stock Ownership Plan (ESOP) is an employee benefit plan that gives employees ownership of shares in the company for which they work. When an employee leaves the company, the company must buy the shares back at their full market value. To determine the market value of the stock, companies that offer ESOPs must […]
Businesses know that consumers are concerned about the environment, and many of them are, too. As a result, they are making changes to their businesses to reduce their environmental impact. Many of these changes come in the way that they are packaging their products in order to reduce waste. They are already using less packaging […]
Hurricane Sandy left millions of small businesses and property owners with billions of dollars worth of damage. Independent, certified machinery and equipment appraisals (CMEAs) can help business owners who have had losses determine whether the offers they’re getting from the insurance companies are reasonable and may help if owners are seeking emergency loans from the […]
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