Certified Machinery & Equipment Appraisal
Is my appraisal certified or non-certified? This is the most important question you can ask. It's a question that is of the utmost importance to you. Be sure you know the fifference. When it comes to equipment appraisal, you certainly don't want someone with a clipboard guessing at values. You'll discover within the pages of our website why a CMEA (Certified Machinery & Equipment Appraiser) , is your best solution.
A CMEA upholds the ethics and guidelines of the Uniform Standards of Professional Appraisal Practice (USPAP), promulgated and authorized by Congress as the Source of Appraisal Standards and Appraiser Qualifications. A CMEA promotes the Code Of Ethics... If your appraiser is not certified and does not uphold a strict Code Of Ethics, your best option is to find one that does.
We demand ethical excellence from machinery and equipment appraisers.
Our certified machinery and equipment appraisers comply with and uphold these strict points:
1) Ethical obligations
2) Advocacy only of the appraisal
The 4th point a CMEA upholds is ... (continue reading)
You should know who may deliver an unqualified "non-certified" report
Do Auctioneers have a "hidden agenda"? Maybe. They may foresee an auction and deliver a value that is inconsistent with fair market value. 99.9% of Auctioneers who are called upon to deliver an Appraisal Report do not deliver a USPAP compliant Appraisal Report. That means the ethics and reporting of values in a USPAP compliant format are not prevelant. Therefore, the appraisal value will not hold up to scrutiny with the IRS, CPAs, courts, lenders, attorneys and others.
Do Dealers have a "hidden agenda"? Maybe. They may foresee the purchase or sale and deliver a value that is inconsistent with fair market value. 99.9% of Dealers who are called upon to deliver an Appraisal Report are not certified because they do not see the need. Their main focus is to sell and buy equipment not providing a USPAP compliant Report or certification. Their value will not hold up to scrutiny with the IRS, CPAs, courts, lenders, attorneys and others.
Is the depreciation schedule accurate?
Clearly, No. The Schedule is only good for depreciating the equipment and DOES NOT provide the fair market value for a piece of equipment.Let's Get Started