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Machinery & Equipment Appraisal Report Types

August 18, 2010

When you arrange for a CMEA to do a machinery & equipment appraisal for your business, you will end up with an appraisal report that states the CMEA’s findings and estimates. There are two types of appraisal reports that can be performed: a summary appraisal report and a desktop appraisal report.

A summary appraisal report is typically used for estimating the value of machinery and equipment. On-site inspection details are included in the appraisal report. This USPAP-compliant report expresses value as a single figure for each tangible asset valued, and the aggregate is reported as a single number.

A desktop appraisal report is typically used to determine value without the expense of an on-site inspection and detailed analysis of the condition of the machinery or equipment. The CMEA is sent pictures and descriptions of the machinery or equipment and the value is based on this information.

Whichever report you end up with, as long as it is a certified appraisal, you can be certain it’s fair, accurate, and defensible. For more information regarding certified appraisals, please read our blog post “The Difference Between Certified and Non-Certified Appraisals.”

By: NEBB Institute

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