CMEA Clients and Utilization

Who Needs a Certified Machinery and Equipment Appraisal?

Business Owners, CPAs, Attorneys, Insurance Underwriters, Lenders, Leasing Agents and Business Brokers typically require the professional expertise of an independent third party and a certified report is absolutely necessary to prevent the risk of liability. That’s why enlisting the help of Best Choice Appraisers will assure you delivery of a professional accurate appraisal every time…and in a timely manner.

Machinery and Equipment Certification Uses:

Business Valuation - If machinery or equipment property is not valued accurately, the entire business valuation can be skewed. Book value can be inaccurate and different from Fair Market Value.

Financing / Loans / Leases - These require collateral asset value.

Buy / Sell Agreements - Initial agreement should clarify how M/E property value will be determined.

Tax Purposes - In some jurisdictions, business equipment is assessed at its market value. Usually this is because the tax authority is either is not familiar with or has not physically inspected the equipment.

Converting From C To S Corp - The tax code requires an appraisal of assets.

Insurance Premium Valuation - Property assets must be appraised for insurers to cover loss or damage to the property.

Cost Segregation - Reclassifying assets to a shorter depreciable life.

Estate Planning - Trusts and wills require a value of tangible goods.

Trust Agreements - Proper valuation of machinery and /or equipment is required when a grantor transfers legal ownership of property to another person or organization.

Valuing Goodwill - When businesses or organizations donate new or used equipment to any non-profit organization, they are eligible to receive tax relief based on the value of the donation.

Divorce Settlements - Assets must be valued to be divided.

Partnership Dissolution - Assets must be accurately valued for buy-out or dissolution.

Litigation Support - A certified, non-biased valuation may be required during litigation.

Gift Planning - Valuation is required when property is endowed.

1031 Exchange - Assets require a valuation for like-kind exchange.

Sarbanes-Oxley Compliance - Corporate records maintenance-tangible assets must be valued and substantiated.

GASB 34 - Governmental Accounting Standards for Compliance requires accurate property valuation.

Bankruptcy - Owner may need liquidation of assets.

Retirement Planning - Retirement planning can include valuation of assets.

Strategic Business Planning - Business material property values must be budgeted.