MTS Journal

2018  •  Volume 34  •  Issue 2

This issue talks about the next generation of MTS appraisers, appraisal ethics, and helicopter valuations. Other topics covered include: factors determining market value of pre-owned aircraft, economic obsolescence and costly assumptions.
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Articles from this Issue

MTS Journal Editorial

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

Chairman’s Corner

News from ASA’s Machinery and Technical Specialties Committee.
PAGE 6 Samuel Shapiro, ASA

Governor’s Bulletin

Important information and updates from MTS Discipline Governors.
PAGE 8 Richard Berkemeier, ASA and David Crick, ASA

Factors Determining the Market Value of a Pre-Owned Business Aircraft

This article will explain the factors that are affecting the market value of a pre-owned business aircraft.
PAGE 11 Özge Ece Özkan

Economic Obsolescence: An Adjustment That Is Often Overlooked

This article will discuss an issue that arises regularly but is not necessarily addressed by the valuation analyst - economic obsolescence.
PAGE 17 Gary R. Trugman CPA/ABV, MCBA, ASA, MVS

Costly Assumptions - Understand Fractional Fair Market Value

As a fractional share owner, you don’t want to hear your aircraft share value has diminished. If you’ve not recently reviewed your contract, you may be surprised to learn the exit value is much lower than you expected.
PAGE 22 Dan Dugger

Hidden Damage - The Market Stigma of a Damaged Aircraft

A damage event is not something that any aircraft owner wants or expects. However, understanding the impact to the aircraft’s fair market value after the smoke clears and the dust settles will be critical to its future resale value.
PAGE 23 Joseph T. Zulueta, ASA

Where is the Next Generation of Machinery & Equipment Appraisers?

We need to spread the word about the MTS appraisal profession to colleges, career days, job fairs, and at cocktail parties. We need to talk to everyone if we want to find the MTS appraisers of tomorrow.
PAGE 25 Brian O’Connell, ASA

Appraisal Ethics

This article discusses what constitutes an ethical transgression by an appraiser and provides examples which serve as discussion topics.
PAGE 31 Barbara A. Spoor, ASA

Helicopter Valuations in Turbulent Times - What You Should Watch for and Know

The uncertainties of an unstable market are plentiful. Businesses struggle to find their footing and make adjustments to survive the storm. We are seeing some recovery, but the helicopter industry is still trying to cope with a depressed market.
PAGE 35 Jason Kmiecik, ASA. and Lindsay Moore