ME202-OOO - Machinery and Equipment Valuation Methodology

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.

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