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.
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.
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.
