ME202-OOO - Machinery and Equipment Valuation Methodology
Category: Machinery & Technical Specialties
Continuing Education: 28.8
Registration
Please see the "Upcoming Classes" tab for class offerings and registration information.
Course
Description
This course explores in depth the ideas introduced in
MTS201 and provides students with a better understanding of the types of value
commonly used in the appraisal of machinery and equipment. This course addresses
the issues of price vs. value, indirect costs, use of and development of
indexes, age-life concepts, recommended rounding of figures, types of values for
MTS appraisals, reproduction cost new, replacement cost new, replacement cost
depreciated, fair market value in use, orderly liquidation value, forced
liquidation value and supporting conclusions for various purposes.
*No CE credits will be awarded for the
audio versions of this course. Accredited MTS Members who took the MTS 201-204
courses for accreditation purposes may not retake the courses for
reaccreditation credits. Those who have not previously completed these courses
must successfully pass the exam to receive ASA reaccreditation credit.
Instructional Methods
Lecture, analysis and student discussion.
Course Audience
Appraisers, accountants, attorneys, auctioneers, bankers, engineers, leasing
company staff, farm managers, forensic consultants, shop staff and the appraisal
community at large who are involved in the valuation of machinery and equipment.
Required Reading
ASA’s Valuing Machinery and Equipment: The Fundamentals of Appraising
Machinery and Technical Assets 4th Ed is the authoritative textbook on the
theory and methodology of appraising machinery, equipment, and technical assets.
The 2020 edition includes revised and updated chapters on topics like the sales
comparison approach, appraisal report writing, and valuations for financial
reporting, completely rewritten chapters on topics like aircraft appraisals, and
a new chapter on ad valorem tax appraisals. It also includes updated appendices
with appraisal research sources, an enhanced index, and a wholly rewritten and
improved glossary.
Valuing
Machinery and Equipment: PDF ONLY
Valuing
Machinery and Equipment: Printed Book and PDF
Agenda
Day
1—Morning
Introductions
Review of ME201
Introduction of income
approach
Introductory Problems 1 and 2
Day
1—Afternoon
Indexes
Day 2—Morning
Review
homework: Intro to Problem 3, definitions
Wantabee Manufacturing Company
appraisal project
Problems—desk, computer, copier Problems
Day 2—Afternoon
Problems—continue with Wantabee
Manufacturing Company
Day 3—Morning
Review homework
assignment, indexes
Problems—continue with
Wantabee Manufacturing Company
Day 3—Afternoon
Problems—continue with Wantabee
Manufacturing Company
Course review
Question and answer
period
Day 4—Examination