Equipment Appraisal
Important Steps to Machinery & Equipment Valuation
The info graphic above concludes the simplified version of the machinery and equipment valuation process
STEP STEP STEP STEP STEP
01 02 03 04 05
Classifytheproblem
Classify the problem to be solved including the clients the appraisal purposeintendeduses&Definitionof value
Collect facts and data about the problem Identify each piece of equipment,classifyandgroupsimilar assets together & describe each in terms of characteristics serial number, manufacturer, and hours/miles
Collect Valuate
What method of valuation determination should be used? According to USPAP, you must consider all three valuation approaches Then, for the equipment property, select and applytheappropriatevaluation
Research the market value of the equipment property and form an opinion using the valuation methodology used in the previous stage
Apply Closing
bcamasset work with our customers to offer the valuation services that suit their needs,. Our on-staff appraisers will use their proficiency to give you heavy equipment appraisal that is accurate and trustworthy.