Desktop Equipment Appraisals
A Desktop Equipment Appraisal is an excellent option in many business cases. They are USPAP compliant, defensible, efficient, and affordable. Utilizing data and information provided by equipment owners, we are able to evaluate and assign value to a wide variety of machinery and equipment.
The Brumbaugh Appraisals team is proud to offer Desktop Equipment Appraisals to clients across the country. By their very nature, they allow us to reach a number of clients more quickly and affordably than we may have otherwise been able to.
You may be surprised to learn the instances in which a Desktop Appraisal will meet requirements. In nearly any case where an appraisal is required, a Desktop Appraisal will be sufficient. If you have any questions about your appraisal needs, please don’t hesitate to contact us with questions.
Desktop appraisals are the most cost-effective type of appraisal. These appraisals meet the detail requirements for most purposes, with the exception of banking considerations, litigation, and tax purposes.
Desktop appraisals utilize client provided information such as manufactures name, model number, and other pertinent details along with photographs. The entire process is literally done from our desks. The reporting for a Desktop Appraisal is virtually the same as a full Appraisal Report with the exception that we state the equipment has not been personally viewed or inspected.
Approaches to Value
While going through the appraisal process, we consider three approaches to value. The Income Approach Cost less Depreciation, and the Market Data Approach.
• Market Data Approach – the market value estimate is predicated upon prices being paid in actual market transactions and current listings. Recent transactions are analyzed to arrive at a probable value.
• Cost Less Depreciation – this approach to value is conducted by determining the current cost of an asset and deducting for depreciation, functional and economic obsolescence, and physical deterioration. It is based on the principle of substitution, which states that a knowledgeable buyer will not pay more for an asset than the cost to produce a substitute asset with the same utility.
• Income Approach – the Income approach considers future revenue streams to derive a present value. This approach is often difficult to implement, given that revenue streams cannot easily be itemized for individual items. However, in some circumstances this approach is very applicable and can be implemented.
We are highly qualified and experienced
All appraisal partners are Certified Machinery and Equipment Appraisers (CMEAs) with experience in the appraisal industry. Our team of appraisers is knowledgeable in the items being appraised and current with their appraiser certification credentials. Final reports are always reviewed by Robert Brumbaugh who is a Master Certified Machinery and Equipment (MCMEA) appraiser. Bob is one of about 32 MCMEA’s out of the nearly 550 affiliated appraisers around the world.
If you need an appraisal for purchasing previously owned equipment or buying out an end of lease purchase, Brumbaugh Appraisals can provide Fair Market Value estimates for those items. Selling your business? A certified equipment or machinery appraisal provided by our team can help ensure that you receive top dollar for the equipment of interest. All varieties of equipment can have various values depending upon the condition, age, upgrades, and other considerations. While the value of previously owned equipment might seem difficult to determine, our experienced and professional team can give you an accurate and defendable estimate of value at a fair price.
If you have questions or would like to discuss an equipment appraisal in more detail, please call us at 919-870-8258 or send us a request for more information.