Understanding the Appraisal
An appraisal answers one or more specific questions about an equipment item or group of defined equipment. Decisions pertaining to the use and disposition of equipment and the rights inherent in ownership create a need for an informed appraisal to support decisions.
The accredited/certified equipment appraiser performs a useful function and offers a variety of services to their clients. They develop opinions of value for several types of equipment and assist in various decisions. As defined in USPAP, an appraisal is the act or process of development an opinion of value. The valuation process is a systematic procedure the appraiser follows to answer a client questions about value.
Making A Costly Mistake By Not Valuing Your Machinery & Equipment?
Most business owners do not know that an error in judgment in appraising machinery and equipment can be costly. That is why as a business owner, you should have confidence that the values are true and are backed by evidence to support the fair market value.
All appraisal reports are not created equal! Gulf Atlantic Consultants, Inc. delivers a comprehensive and detailed Certified Appraisal Report consistent with the ethics and guidelines mandated by the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP, promulgated by Congress and the Appraisal Foundation, is the leading authoritative source for appraisals.