MTS Journal

2016  •  Volume 32  •  Issue 2

This issue covers the new automotive hot stamping presses, Microsoft Excel and forecasting, what buyers want, audit reviews, an interview with Liying Han, USPAP revisions, economic obsolescence, mineral appraisals, and more.
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Articles from this Issue

  • Editor's Update

MTS Editorial

A special note from the Editor of ASA’s MTS Journal.
PAGE 5 Brad Hartsburg, ASA, CPPA, CSA
  • MTS Chair Update

Chairman’s Report

News from ASA’s Machinery and Technical Specialties Committee.
PAGE 7 John J. Connolly, III, ASA
  • MTS Governors Update

Governor’s Bulletin

Updates from the MTS Governors
PAGE 8 Richard Berkemeier, ASA and David Crick, ASA
  • Journal Article

New Automotive Hot Stamping Presses Makes For More Efficient & Safer Cars and Technological Obsolescence

The automobile industry has been focused on reducing vehicle weight to meet government mandated fuel efficiency and CO2 emissions standards. Hot Metal Stamping can reduce the weight of a car and increasing the strength of the cage around the occupants.
PAGE 12 J. Richardson, ASA / Edited By: J. Barry Savage, ASA Emeritus
  • Journal Article

To Trend in Microsoft Excel™, or Forecast in Microsoft Excel™, That is the Question

When working with tables with a period/time column (x) and data column (y) there is missing data that needs to be forecasted to complete the data set. Or, we just need to forecast possible outcomes when data isn't available yet, for a prospective study.
PAGE 14 Walter W. O’Connell, M.E., ASA, SCSP
  • Journal Article

What Does a Buyer Want?

An exchange between a willing buyer and a willing seller, with equity to both, neither under compulsion to buy or sell. In the marine industry, one must understand how profits are made with various types of vessels.
PAGE 20 Norman F. Laskay, ASA Emeritus
  • Journal Article

Do Audit Reviews Fall Under USPAP Standard 3?

Appraisals for purchase price accounting fall under Accounting Standards Codification (“ASC”) 805: Business Combinations and ASC 820: Fair Value Measurement and Disclosure. As such, they are subject to review by the auditor of the purchaser.
PAGE 24 Douglas R. Krieser, ASA FRICS
  • Journal Article

Interview with Liying Han – China Appraisal Society

Raymond Moran, ASA, MRICS sits down and talks to Liying Han of the China Appraisal Society about the valuation profession.
PAGE 32 Raymond Moran, ASA, MRICS
  • Journal Article

Revisions to the USPAP and USPAP Advisory Opinions

On February 6, 2015, the Appraisal Standards Board (ASB) adopted modifications for the 2016-17 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).
PAGE 34 The Appraisal Foundation
  • Journal Article

Coal Is King No More: When Do You Determine Economic Obsolescence?

Economic obsolescence is depreciation where the property loss in value is caused by external factors. The US coal market is substantially affected by economic obsolescence, i.e. the undercutting of coal prices by natural gas and pressure from the EPA.
PAGE 36 Alan C. Iannacito, FASA
  • Journal Article

Mineral Appraisals: What is the Value of a Quarry or Mine?

Mineral commodities are classified as high-value, low-volume or low-value, high-volume. This article discusses low-value, high-volume mineral commodities, mainly crushed stone and sand and gravel (aggregate), generally sold by the ton.
PAGE 41 Art Pincomb, ASA, CPG
  • Journal Article

Inutility Exponent Development

In ASA's MTS courses, the Inutility measurement is one way taught to identify Economic Obsolescence. What is not taught is how to develop the exponent/scale factor for the formula to measure the inutility for the production of a machine.
PAGE 49 Leslie H. Miles, FASA and Karen Milan, ASA
  • Journal Article

Obsolesce and Depreciation – International Style

Do we have to consider the 3 forms of depreciation individually? This article will answer this question by building depreciation curves, giving a concrete example of how they can be used and assessing their usefulness in valuation.
PAGE 54 Roman Karpov and Anna Levleva
  • Journal Article

How Asset Tracking Can Potentially Save Money

Having a well-maintained database of idled or unused equipment can save healthcare providers significant dollars each year.
PAGE 61 Douglas R. Krieser, ASA FRICS; Jack Beckwith, ASA, CEA; William Engel, ASA and Richard Tondre