MTS Journal

2001  •  Volume 17  •  Issue 4

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 Leroy L. Ackermann, ASA

Chairman's Perspective

News from ASA’s Machinery and Technical Specialties Committee.
PAGE 3 Melvin I. Fineberg, ASA

Application Of The Life Expectancy Factor For Estimating Appraisal Depreciation

This article is a continuance of an article in Issue #3, that discusses the use of the Life Expectancy Factor (LEF) for estimating appraisal depreciation when market data are not available.
PAGE 4 John S. Ferguson, ASA

Asset Recovery and Valuation

This article is in response to the timely article "Definitions of value: do they need to be changed?" The controversy continues...! Yes.
PAGE 8 Jack J. Landesberg

Buyer's Premium

This article discusses buyer's premium - what is it, buyer's premium strategy, affect on recovery, and an auctioneer's strategy.
PAGE 12 Leslie H. Miles, Jr., ASA

Professional Appraisers - The Benefits of a Peer Association

The article discusses the importance of belonging to professional associations and being involved in the activities of the association to maintain competency and stay current in the field.
PAGE 15 Leslie H. Miles, Jr., ASA

Appraising an Oil Refinery in the 21st Century

This article describes the oil refinery industry and discusses the economics and the different cost approaches.
PAGE 18 Michael J. Remsha, P.E., ASA, CMI