MTS Journal

2010  •  Volume 26  •  Issue 2

This double issue of the MTS Journal features eleven articles including three market updates, three regulatory issues, a chapter update, a narrative article, an opinion piece, and two scholarly articles.
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Articles from this Issue

Editor’s Corner

A special note from the Editor of ASA’s MTS Journal.
PAGE 4 Sharon Desfor, ASA MRICS

Chairman's Perspective

News from ASA’s Machinery and Technical Specialties Committee.
PAGE 6 Peter Campbell, ASA

Letter from MTS Governor

Important information and updates from MTS Discipline Governors.
PAGE 7 Alan C. Iannacito, FASA

Machine Tool Market

This article will address the current state of the machine tool market for the U.S. and worldwide.
PAGE 9 Tom Sexton, ASA

2009 Crane Market Conditions…Is the Sky Falling?

Insights into conditions within the crane market.
PAGE 13 Joseph M Santora, ASA and David Helle, ASA

The Market is Rebounding

The liquidity crisis appears to be easing. The pricing levels for most types of used industrial machinery are getting stronger. The printing industry is the exception.
PAGE 15 Mike Clark, ASA

An Overview of the California Air Resources Board Diesel Regulations

California Air Resources Board Diesel Regulations insights.
PAGE 16 Jack Young, ASA, CPA

Appraised Fair Market Value and AAR Interchange Rule 107

Appraisers are required to conform to standards set out in USPAP. They must consider 3 approaches to value when preparing appraisals (market, cost and income approach). Conspicuous by its absence is the Assn of American railroads Rule 107 approach.
PAGE 19 Edward D. Biggs III, LLC, ASA

2010 Changes & Challenges in Healthcare

How does change in the payment system under the 2010 Healthcare Reform impact the owner, future buyers, and the appraiser regarding diagnostic imaging equipment?
PAGE 20 Jack Beckwith, ASA

The Life of a Ship

The Life of a Ship from planning the build, the construction and the use and life of the vessel.
PAGE 27 Norman Laskay, ASA

What an Equipment Lessor Looks For in an Appraiser

While not every equipment leasing transaction requires an appraisal, a substantial number of them do, either at the beginning, the middle or the end of the lease term.
PAGE 34 Paul Wride, ASA

Applications of the Inutility Model

This article discusses the use of the inutility model to adjust cost indicators for external obsolescence caused mainly by market forces.
PAGE 37 Robert A. Davis, MBA, AVA

Economic Obsolescence: Real Life Stories

Economic obsolescence (“EO”) is an often overlooked form of depreciation, though investigating and analyzing EO is an essential process required for the valuation of property, especially complex properties.
PAGE 42 Michael J. Remsha, PE, ASA, CMI and Kevin S. Reilly, ASA