MTS Journal

2015  •  Volume 31  •  Issue 3

This issue is dedicated to Park Johnson, MTS Journal Editor, who passed away suddenly. Articles include ghost assets, corporate aircraft intangibles, heavy equipment identification, damaged aircraft, choosing an appraiser, and sales comparables.
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Articles from this Issue

MTS Editorial

A special note from the Editors of ASA’s MTS Journal.
PAGE 4 Brad Hartsburg, ASA, CPPA, CSA

Chairman’s Report

News from ASA’s Machinery and Technical Specialties Committee.
PAGE 5 John J. Connolly, III, ASA

Governor’s Bulletin

Important information and updates from MTS Discipline Governors.
PAGE 6 Richard Berkemeier, ASA and David Crick, ASA

The Scary Truth about Ghosts Assets

The term “ghost assets” refers to physical assets that are accounted for on a company’s fixed asset listing (“FAL”) but do not physically exist at the manufacturing plant or other locations.
PAGE 9 J. Fernando Sosa, ASA, MRICS

Corporate Aircraft: Valuing The Intangibles

Corporate aircrafts carry a unique consideration - pedigree. Appraisers must consider the caliber of an aircraft's owners, location, maintenance practices, documentation, previous damage to determine the pedigree impacting its value and marketability.
PAGE 14 Bob Zuskin

Choose Your Equipment Appraiser Wisely

When it comes to appraising, there is no room for error. An appraisal is an objective and impartial opinion of value by a competent, ethical and qualified appraiser. Not all appraisals and appraisers are the same.
PAGE 17 Joseph Santora, ASA

Identifying Heavy Equipment and Serial Number Locations

This article is to assist all in the heavy equipment industry and will discuss ways and locations on the machine to identify equipment. We will attempt to simplify by breaking this down into categories of machine types.
PAGE 23 Brad Hartsburg, ASA, CPPA, CSA

Damaged Aircraft and Diminution in Value Back-to-Basics

There are no cookie-cutter approaches to aircraft damage diminution. This back-to-basics article will highlight some of the important concepts, factors, and considerations.
PAGE 30 Keith M. Bransky, ASA, ARM-MTS

Are your Comparables Really Real?

An aircraft comparable sales database does not exist. The expertise and industry connections of an accredited aircraft appraiser become necessary when you are looking for an accurate, reliable and defendable aircraft valuation.
PAGE 36 Barrie Roesler, ASA