Learning Objective: The objective of this course is to introduce appraisal terminology and concepts and provide students with a solid foundation for a career in appraisal of machinery and equipment. This course covers ME appraisal terminology; functions and purposes of appraisals; introduction of the three approaches to value; depreciation and factors affecting depreciation; field inspection techniques and safety; introduction to the issues of indexes in machinery and equipment appraising; basic pricing exercises for current and obsolete assets; ethics and professional standards Students registering for this course are required to bring a current copy of the Uniform Standards of Professional Appraisal Practice (USPAP) book to class. The book is available for purchase at ASA. No CPE credits will be awarded for the on-line or audio versions of this course. Level: Basic

*Accredited MTS members may not retake the ME 201-204 courses for ASA reaccreditation credits. Additionally, for those that have not previously completed these courses they must successfully pass the exam, to receive CE credits. Please refer to page 4 of the Reaccreditation Booklet for further details.