 |
| ProBiz is your Qualified and Certified Machinery & Equipment Appraisal Source, serving North Carolina and the East Coast for over 10 years. |
Why is an
equipment appraisal prepared by a Certified Machinery & Equipment
Appraiser essential? If
you own a manufacturing, distribution, wholesale, retail or service
business you will need to borrow money from time to time. Credit
lines and SBA loans now require an appraisal which is
performed by a certified appraiser only. Perhaps you want to sell
your company and you need to know what the equipment is worth? Or you want to buy a company and re-depreciate the heavily
depreciated equipment? Health issues, retirement and transfer to
valued employees or children are other reasons. The key is certification.
Otherwise it will not stand up to outside verification, an IRS or a
court challenge.
Needless to say, a Certified Machinery & Equipment Appraisal Report that is USPAP compliant is of the utmost importance to protect you, your CPA, your broker and others from unsubstantiated and inaccurate values which later can result in a lawsuit.
| ProBiz Top 10 Reasons For A Certified Machinery & Equipment Appraisal |
|
Not All Appraisals Reports Are Equal!
99.9% of appraisal reports fail to accurately value the tangible assets. Why? That's a great question, and we're glad that you asked. Inaccurate appraisals are not uncommon, and they can cause serious consequences to your business, as can reliance upon any one of the following methods to determine the value of capital equipment. How many of these methods do you currently use?
-
Guess;
-
Rely on book value; or
-
Rely on the word of a non-certified person who may have a "hidden" agenda.
Are you surprised to learn that all three methods are inaccurate and filled with liability?
If an Appraisal Report is based on guessing, relying on book value, or relying on a word of a non-certified person who may have a "hidden" agenda, the Report will not hold up scrutiny because it lacks substantiation. Not only can values not be substantiated, but the Report itself is not written to reflect the approaches to value, market conditions, photographs and required substantiation that a USPAP Report contains. USPAP (Uniform Standards of Professional Appraisal Practice) was promulgated by Congress and is accepted around the world as the authoritative source for machinery/equipment and business appraisals.
| For These Reasons... |
|
It's No Wonder That ProBiz Business Appraisals Is The Most Sought After
Machinery & Equipment Certified Appraisers. |
