MTS Journal

2001  •  Volume 17  •  Issue 2

The MTS Journal is the LEADING voice for Machinery and Technical Specialties valuers. Published by ASAʼs MTS Committee, the MTS Journal is written both for the appraiser who values equipment and for those who have a professional interest in the subject.
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Articles from this Issue

Editor's Corner

A special note from the Editor of ASA’s MTS Journal.
PAGE 2 Ray Moran, ASA

Chairman's Perspective

News from ASA’s Machinery and Technical Specialties Committee.
PAGE 3 Gerry Huether, ASA

Facility Lease Transactions: A Valuation Perspective

Corporations are implementing leasing as a financing structure for funding a variety of assets including facilities. As lease transaction structures have become more complicated, valuation professionals have played an integral role.
PAGE 6 Richard K. Ellsworth, ASA

Economic Obsolescence

The article discusses the three forms of depreciation: physical deterioration, and functional and economic obsolescence. It explains how to quantify each of these forms of depreciation and provides examples to demonstrate.
PAGE 11 Leslie H. Miles, Jr.

Online Auctions and Exchanges: Dot.Com's Meet Machinery and Equipment

The article covers the growth of online auctions and dot-com companies in the early 2000s, their flawed business models, and impact on MTS industry. It categorizes acquired firms into online auctions and investment recovery or industry supply networks.
PAGE 16 Raymond E. Moran, ASA

The Cost Approach and the Appraisal of Industrial Facilities

This article discusses the appraisal of industrial facilities using the cost approach.
PAGE 21 Richard K. Ellsworth, ASA

Review Appraisals

The article discusses the accuracy and fairness of appraisal reviews, which are often used to evaluate the quality of appraisals. It highlights the potential biases and errors that can arise, as well as the importance of following the USPAP guidelines.
PAGE 26 Leslie H. Miles, Jr., ASA