For an experienced certified machinery and equipment appraiser (CMEA), determining the value of a piece of standard farm equipment or restaurant fixtures is a relatively straightforward process. A CMEA will take into consideration various factors to determine value of a piece of equipment, such as its original price, its age, depreciation ranges, and its current […]
It may come as a surprise to many people that manufacturing is still the largest industry contributing to the United States gross domestic product. According to government numbers, manufacturing employs approximately 16.7 million workers, meaning that it is still an industry that needs attention. The size of industrial production and significance in the U.S. economy, […]
It is important for any type of business to carry various forms of insurance that can cover a business owner in case of damage to the company’s property and equipment. Although an insurance company will establish its own value of the business’s assets to determine a necessary amount of coverage, it is important that the […]
In addition to providing ongoing support, a dynamic international network, and certification to professionals in the art of machinery/equipment appraisal and brokerage, part of NEBB Institute’s mission is to provide initial and monthly comprehensive education. And approximately 400 NEBB Institute members coast-to-coast and worldwide have found that the CMEA professional designation increased their bottom-line profitability. […]
When you arrange for a CMEA to do a machinery & equipment appraisal for your business, you will end up with an appraisal report that states the CMEA’s findings and estimates. There are two types of appraisal reports that can be performed: a summary appraisal report and a desktop appraisal report. A summary appraisal report […]
In July, we wrote a blog series that defined some common machinery and equipment appraisal terms: fair market value, forced liquidation value, and orderly liquidation value. But there are many more terms the industry uses that can be confusing if you don’t have your own working definition of them, and it’s important that you understand […]
Becoming a Certified Machinery and Equipment Appraiser (CMEA) has been a huge benefit to the business of Present Value LLC. The company has become more diversified by offering a full complement of appraisal services, including certified machinery and equipment appraisals. Chris Kinzie and Chris Spinelli, the owners of Present Value, share some of the benefits […]
The word “depreciation” has different meanings, depending on the audience to whom you are speaking. In accounting, depreciation means the allocation of the cost of an asset over time. It’s a method of allocating the purchase price of an asset across its useful life, which takes into account normal wear and tear over the asset’s […]
We’ve discussed orderly liquidation value and forced liquidation value in recent posts. Today, we’ll explain the third type of value a Certified Machinery and Equipment Appraiser (CMEA) may assign to your assets: fair market value. Fair market value is based on the best price you’d receive for your machinery or piece of equipment if it […]
In last week’s post, What is Orderly Liquidation Value?, we discussed just that. An orderly liquidation value is based on the idea that a company can afford to sell off its assets to the highest bidder. However, the circumstances are different in the case of forced liquidation value, as the name implies. Forced liquidation value, […]
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