MTS Journal

2019  •  Volume 35  •  Issue 2

This issue includes photos of places in Northern Canada, and also discusses ways to exit a working relationship and the importance of considering what you will be leaving behind before making the decision to leave a job, upcoming conferences, and more.
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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 Karen Milan, ASA

Governor’s Bulletin

News from ASA's Board of Governors
PAGE 7 John Mathe, ASA and David Crick, ASA

Insurance Appraisals and Property Insurance Limit Risk

Insurance Appraisals: what are they, what purpose do they serve, and why are they important?
PAGE 8 Clayton T. Baumann, PE, CCP, ASA

Valuation of Wind Farms: Just a Breeze?

An appraiser must have a firm understanding of the overall power generation industry, renewable energy resources, and the nuances of valuing wind farms for ad valorem property tax purposes.
PAGE 13 Clayton T. Baumann, PE, CCP, ASA and Jack T. Kolo

Aircraft Appraiser Fees – Are you getting your share?

What is the real market is for aircraft appraisals in the United States?
PAGE 19 Stephen Coonan Sr, ATP, NCSA

Values and Valuers: An Assessment of the Aircraft Appraisal Business

An in depth assessment of the aircraft valuation business.
PAGE 24 Dick Forsberg

Q&A: Germany-based Appraiser Completes Aircraft Valuation Program at Embry-Riddle Aeronautical University in Florida

ASA interviews Frank Winkelmann, ASA, MBA about ASA's aircraft appraisal program at Embry-Riddle Aeronautical University in which Mr. Winkelmann was a student.
PAGE 37 Sharon Reed and Frank Winkelmann, ASA, MBA

Lost Aircraft Logbooks: What's the Impact on Aircraft Value?

The author makes the unambiguous case for maintaining aircraft logs in proper order.
PAGE 45 Jeremy Cox, Sr.

Estimating Deterioration and Physical Obsolescence of Plant and Equipment Using a Modified Age/Life Formula

This paper discusses practices of estimating physical deterioration (or physical obsolescence) of tangible assets over their useful lives. Both the terminology and methodology of the most often used age/life method requires clarification and improvement.
PAGE 48 Alexander Lopatnikov, ASA and Rodney Hyman, ASA

What's Hot, What's Not: Equipment Market Forecast 2019

Along with responses on economic conditions, this report is designed to assist lessors in identifying business opportunities for future success.
PAGE 65 Carl C. Chrappa, ASA, MRICS, IFA

Diminished Value, Loss of Use, and Total Destruction Claims

Moderate damage to a vehicle almost always results in the following claims: Repairs, Diminished Value, and Loss of Use. This article explains diminished value and loss of claims, as well as claims for a totally destroyed vehicle.
PAGE 83 Michael N. Shoemaker

Appraisal Review

The purpose of this article is to clarify what Appraisal Review is and is not, according to USPAP Standards 3 and 4, and how Appraisal Review education can be of benefit to appraisers and ultimately benefit the users of the appraisals.
PAGE 86 Jack Young, ASA, MTS/ARM, CPA

New Partnership Between RICS and ASA Will Create A Transparent Valuation Ecosystem

RICS and ASA signed a letter of intent to partner in providing common standards and practices for appraisers in the U.S. and globally. This partnership seeks to simplify the appraisal landscape and build public trust in professional valuations.
PAGE 92 Neil Shah and Johnnie White