{"id":11311,"date":"2021-05-19T10:15:19","date_gmt":"2021-05-19T14:15:19","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/?page_id=11311"},"modified":"2024-12-14T13:04:09","modified_gmt":"2024-12-14T18:04:09","slug":"why-you-need-an-appraisal","status":"publish","type":"page","link":"https:\/\/www.certitrek.com\/nebbinstitute\/why-you-need-an-appraisal\/","title":{"rendered":"Why You Need an Appraisal"},"content":{"rendered":"

Why an Appraisal?<\/h1><\/div><\/div><\/div><\/div><\/div>

20 reasons why a CMEA is required by lenders, CPAs, attorneys, business owners, and others<\/h3><\/div><\/div><\/div>

Lenders are required to substantiate equipment values to satisfy the U.S. Small Business Administration and Bank Examiners. The IRS also requires CPAs to affirm equipment values to meet the Pension Protection Act of 2006 and AICPA Standards of Valuation. Likewise, attorneys must rely on a qualified and certified appraisal when representing a client when equipment is to be divided or allocated.<\/p>\n

Each of these professionals asks the same question: “What’s the equipment really worth?” They may even ask\u2026.”Is there goodwill?” “Do only the tangible assets of your business have value?” If so, how are those assets valued?<\/p>\n<\/div><\/div><\/div><\/div><\/div>

<\/span><\/div><\/div><\/div>
Which of these methods do you typically use to determine equipment value?<\/h5><\/div>