The Importance of a Certified Independent Appraisal
Credibility, Defensibility, Liability
Credibility – As an Independent, Certified Machinery & Equipment Appraisal Firm we have one mission and one mission only: To establish the value of the machinery and/or equipment being appraised, period. We are an advocate of the appraisal only, we have no present or prospective interest in the property that is being appraised, and have no personal interest with respect to the parties involved.
If you currently rely on auctioneers and/or machinery and equipment dealers for your values, can you honestly state they are giving you a true fair value with no ulterior motive? Even the slightest hint of a conflict of interest can destroy any credibility and potentially place you or your company at risk.
Defensibility – We are highly experienced in collecting, researching, determining and reporting values that are consistent with USPAP (Uniform Standards of Professional Appraisal Practice). USPAP, promulgated by the Appraisal Foundation and Congress, is the authoritative source for appraisals. You can rely with confidence on a determination of value that is substantiated and USPAP compliant.
Liability - If you rely on guessing, depreciation tables, the owner’s word, or the word of a non-certified person, you are receiving a value that is not only possibly inaccurate, but also filled with potential liability as well.
Based on the Pension Protection Act of 2006 and Circular 230, the days of guessing or burying the value of capital equipment are over. Stop for a minute and think about the liability and risk you and your client are taking if you rely on anything other than a Certified Machinery & Equipment Appraisal.
As a professional, Independent Certified Machinery & Equipment Appraisal Firm we can provide you with credible, thoroughly researched, USPAP compliant reports that withstand the scrutiny of bank examiners, the IRS, attorneys, CPAs, courts and others. In addition, we are obligated to abide by the regulations and ethics of the Uniform Standards of Professional Appraisal Practice.
Contact us today at 972-896-9430 for a free quote, or use our contact page.