Appraisal Report

The Uniform Standards of Professional Appraisal Practice (USPAP) recognizes two forms of reports: Appraisal Report, and Restricted Appraisal Report. The essential difference between these two options is in the content and level of information provided. A Restricted Appraisal Report is intended for a single user; usually the client. When the intended users include parties other than the client, an Appraisal Report must be provided.

Both types of reports must contain sufficient information to enable the intended users to understand the report properly and in a manner that is not misleading. A single user is typically familiar with the equipment to be appraised and its characteristics that is why a Restricted Appraisal Report, with limited detail, may be appropriate. If it is determined that the needs of the client and the intended use of the report require a higher level of information to be provided, then the Appraisal Report format should be followed.

USPAP Standard 8 (b) the Restricted Appraisal Report

"The content of a Restricted Appraisal Report must be consistent with the intended use of the appraisal and at a minimum state the identity of the client by name or type and state the use restrictions that limit the use of the report to the client and warns that the rational for how the appraiser arrived at the opinions and conclusions set forth in the report may not be understood properly without additional information in the appraiser's work file"

Due to the large number of subject properties typically included in a machinery/equipment appraisal, only summary discussions of the data and the appraiser's reasoning, and analyses are included in the report. Supporting documentation that is not provided with the report is retained in the appraiser's file. Not all specific requirements are applicable to every assignment. The depth of discussion contained in both the Appraisal Report and the Restricted Appraisal Report is specific to the needs of the user(s) for the intended use stated in the report.

Appraisal Reports are accepted on a daily basis by the courts, taxing authorities, lenders, business owners, accountants, and other users of appraisal services.

Under Construction

Sourcing services to help you find Used Machinery and Equipment.

Time constraints, competitive business conditions and financial risks are making secondary markets an attractive source for used equipment. Seizing the best opportunities requires quick action and the resources to do so may be unavailable in your company.

National Equipment Appraisal's sourcing division helps businesses just like yours save time and money on those unique, one time capital equipment purchases. Its team of research analysts specializes in used and surplus machinery and equipment and uses the most appropriate sourcing strategies, tools and expert support to find the best equipment available.

Sourcing is time consuming. National Equipment Appraisal knows you and the company's purchasing staff are busy running the day to day operations of the business. Its sourcing team also knows that purchasing agents spend a majority of their time on items that represent one time purchases - it's the 80/20 rule, as 80% of the work is spent on 20% of the purchasing.

National Equipment Appraisal's team of sourcing agents follows a disciplined approach to sourcing the best values available. Since they have relationships with hundreds of equipment and business brokers on a national basis, they can offer you access to price competitive markets and motivated sellers.

National Equipment Appraisal can help you be more profitable in your capital asset purchasing by:

  • Sourcing new, refurbished and surplus equipment, often with complete warranties.
  • Avoiding the higher costs and scheduling issues associated with OEM suppliers.
  • Using its expertise and knowledge of national market trends in used equipment sales.
  • Identifying savings through competitive bids.
  • Giving you access to an extensive database of qualified dealers, brokers and buyers of resale equipment.
  • Assisting with financing the transaction.
  • Saving you time.

Whether you're thinking of buying equipment soon, or in the future, strongly consider calling National Equipment Appraisal. We'll tell you how we can help you save time and money.

Save time and money by calling National Equipment Appraisal today.

It is not every day that a company faces the decision to close down a facility. Most companies, family owned and corporate entities, do not have the knowledge to evaluate assets such as machinery, ancillary equipment or the mechanical infrastructure. Liquidation can be a daunting task filled with many questions. Questions that arise are never asked during normal operations. In most circumstances the overwhelming task of closing may never happen again.

As a company looks at their assets, machinery, rolling stock, finished product is usually the first items to be liquidated. Next, the machnery and equipment is marketed or sold at auction. 

But what do you do with remaining assets? How do you remove all equipment and ancillary assets that are left to leave a facility in a "sale-able" condition? Who is responsible for damage left behind from removal? What happens with the seemingly "non-sale-able" assets? It is these questions and many other that can turn the positive cash flow into a growing negative cash flow.

National Equipment Appraisal is here to provide you with the information to maximize the return on your assets.  In cooperation with IAAS Worldwide, an 80 year old company with unique compentencies in plant closing facilities, shutting down lines or liquidating assets your building eill be restored to a leasable or resaleable facitlity. IAAS's turn-key liquidation services provide experienced project managers to structure asset removal in a safe and timely manner. IAAS services will help you get more for your proerty because potential buyers will not face removal cost for items left behind or have to make repair for damages to the real estate.

Call National Equipment Appraisal or IAAS Worldwide to initiate a liquidation, reclamation and removal plan that works for you!

Using a disciplined process that begins with a wall to wall inventory of the assets, a floor to book reconciliation is prepared. Where a fixed asset inventory program does not exist, National Equipment Appraisal recommends appropriate software that includes bar coding and asset tagging. In cases where assets have been previously tagged, National Equipment Appraisal provides updates by using software that seamlessly integrates with the company's existing fixed asset software.

Frequently clients request a "replacement cost appraisal" to validate the insured values of machinery and equipment but most often asset reconciliations are conducted to reduce personal property taxes. In markets where asset values are declining, companies use National Equipment Appraisal's certified reports to support a personal property tax appeals process.

  • Personal Property Tax Reduction
  • Accurate insurance premiums based on market value or replacement value.
  • Reducing Sarbanes-Oxley compliance risk
  • Improving asset utilization
  • Saving taxes by Properly Classifying Assets – Cost Segregation Services
  • Marketing surplus equipment
  • Saving money when making capital expenditures.

If you want to improve your fixed asset reporting consider calling the experts at National Equipment Appraisal. The process isn't costly or time consuming because National's field auditors handle the project from beginning to its completion. And best of all, the services pay for themselves many times over in tax and cost savings.

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From Concept to Closing

National Equipment Appraisal and JMR Capital's combined talents can handle the entire business or asset sale from concept to closing. We are one of only a few companies that are certified in all three disciplines - machinery and equipment appraisal, business valuation and merger and acquisition services. 

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Phone: 714-282-7146
Mobile: 714.225.6749

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