Machinery and equipment appraisers have to be on their toes. Sure, most days might be filled with appraising ordinary things, like office equipment or construction equipment, but some potential client queries might come from someone with a custom, one-of-a-kind piece of equipment. Those calls are fun and test your knowledge. The Packaging Conference 2013 was […]
The Appraisal Foundation, a national non-profit organization dedicated to the advancement of professional valuation and protecting the public trust, announced that it released, Appraisers, Appraisals & You: A Lender’s Guide to USPAP. The pamphlet was developed for lenders who are working in the loan underwriting process. It provides information to lenders about working with appraisers […]
When it comes to a Certified Machinery and Equipment Appraisal (CMEA), it’s genuinely surprising to find a business owner who will ask “How much will it cost?” Before we address why that’s such a surprising question, let’s answer it. The cost of an appraisal depends on the scope and complexity of the appraisal assignment. In […]
The New York Times recently published an article in its “You’re the Boss” blog titled, “The State of Small-Business Lending.” In it, the author laid out his predictions for business lending in the upcoming year. It is no secret that new businesses have had trouble securing financing over the last several years, either from a […]
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 […]
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