Registration
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Course Description
This course explores in depth the ideas introduced in
ME201 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.
*Accredited MTS Members who took
the ME201-204 courses for accreditation purposes may
not retake the courses for
reaccreditation/continuing education (CE) credits. Those who have not
previously completed these courses must successfully pass the associated exam to
receive ASA reaccreditation/CE
credit. No
reaccreditation/CE credit will be awarded for the audio version of this
course.
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