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Machinery & Equipment Appraisal Definitions 
  
  


Definitions of Value Relating to Machinery and Equipment Appraisers

The underlying theme and elements of the machinery and equipment appraisal definitions presented here are based in standard appraisal theory. Many terms are used to describe various thoughts or premises of value. These definitions are offered to provide the fundamental value concepts; they are not the only acceptable definitions, since contracts or jurisdictions may dictate somewhat different philosophies. Therefore, these machinery and equipment appraisal definitions may be expanded or refined as the purpose and function of an equipment appraisal dictate, as long as the fundamental concepts are not altered. In other cases, the laws of a country, state, region, or regulatory agency may require other terms, which therefore would take precedence over the appraisal definitions shown here.

  1. Reproduction Cost New is the cost of reproducing a new replica of a property on the basis of current prices with the same or closely similar materials, as of a specific date.
  2. Replacement Cost New is the current cost of a similar new property having the nearest equivalent utility as the property being appraised, as of a specific date.
  3. Fair Market Value is an opinion expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date.
  4. Fair Market Value in Continued Use with Assumed Earnings Fair market value in continued use with assumed earnings is an opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date and assuming that the business earnings support the value reported, without verification.
  5. Fair Market Value in Continued Use with an Earnings Analysis Fair market value in continued use with an earnings analysis is an opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date and supported by the earnings of the business.
  6. Fair Market Value - Installed Fair market value - installed is an opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, considering market conditions for the asset being valued, independent of earnings generated by the business in which the property is or will be installed, as of a specific date.
  7. Fair Market Value - Removed Fair market value - removed is an opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, considering removal of the property to another location, as of a specific date.
  8. Liquidation Value in Place Liquidation value in place is an opinion of the gross amount, expressed in terms of money that typically could be realized from a properly advertised transaction, with the seller being compelled to sell, as of a specific date, for a failed, non-operating facility, assuming that the entire facility is sold intact.
  9. Orderly Liquidation Orderly liquidation value is an opinion of the gross amount, expressed in terms of money, that typically could be realized from a liquidation sale, given a reasonable period of time to find a purchaser (or purchasers), with the seller being compelled to sell on an as-is, where-is basis, as of a specific date.
  10. Forced Liquidation Value Forced liquidation value is an opinion of the gross amount, expressed in terms of money, that typically could be realized from a properly advertised and conducted public auction, with the seller being compelled to sell with a sense of immediacy on an as-is, where-is basis, as of a specific date.
  11. Salvage Value Salvage value is an opinion of the amount, expressed in terms of money that may be expected for the whole property or a component of the whole property that is retired from service for possible use elsewhere, as of a specific date.
  12. Scrap Value Scrap value is an opinion of the amount, expressed in terms of money that could be realized for the property if it were sold for its material content, not for a productive use, as of a specific date.


EQUIPMENT APPRAISAL BY STATE 

Alabama Machinery Appraisers Alaska Machinery Appraisers Arizona Machinery Appraisers Arkansas Machinery Appraisers
California Machinery Appraisers Colorado Machinery Appraisers Connecticut Machinery Appraisers Delaware Machinery Appraisers
Florida Machinery Appraisers Georgia Machinery Appraisers Hawaii Machinery Appraisers Idaho Machinery Appraisers
Illinois Machinery Appraisers Indiana Machinery Appraisers Iowa Machinery Appraisers Kansas Machinery Appraisers
Kentucky Machinery Appraisers Louisiana Machinery Appraisers Maine Machinery Appraisers Maryland Machinery Appraisers
Massachusetts Machinery Appraisers Michigan Machinery Appraisers Minnesota Machinery Appraisers Mississippi Machinery Appraisers
Missouri Machinery Appraisers Montana Machinery Appraisers Nebraska Machinery Appraisers Nevada Machinery Appraisers
New Hampshire Machinery Appraisers New Jersey Machinery Appraisers New Mexico Machinery Appraisers New York Machinery Appraisers
North Carolina Machinery Appraisers North Dakota Machinery Appraisers Ohio Machinery Appraisers Oklahoma Machinery Appraisers
Oregon Machinery Appraisers Pennsylvania Machinery Appraisers Rhode Island Machinery Appraisers South Carolina Machinery Appraisers
South Dakota Machinery Appraisers Tennessee Machinery Appraisers Texas Machinery Appraisers Utah Machinery Appraisers
Vermont Machinery Appraisers Virginia Machinery Appraisers Washington Machinery Appraisers West Virginia Machinery Appraisers
Wisconsin Machinery Appraisers Wyoming Machinery Appraisers


EQUIPMENT APPRAISAL BY CITY  

Atlanta Machinery Appraisers Austin Machinery Appraisers Baltimore Machinery Appraisers Boise Machinery Appraisers
Boston Machinery Appraisers Buffalo Machinery Appraisers Charlotte Machinery Appraisers Chicago Machinery Appraisers
Cincinnati Machinery Appraisers Cleveland Machinery Appraisers Columbus Machinery Appraisers Dallas Machinery Appraisers
Dayton Machinery Appraisers Denver Machinery Appraisers Des Moines Machinery Appraisers Detroit Machinery Appraisers
Ft Lauderdale Machinery Appraisers Fresno Machinery Appraisers Houston Machinery Appraisers Indianapolis Machinery Appraisers
Jacksonville Machinery Appraisers Kansas City Machinery Appraisers Las Vegas Machinery Appraisers Little Rock Machinery Appraisers
Los Angeles Machinery Appraisers Louisville Machinery Appraisers Miami Machinery Appraisers Milwaukee Machinery Appraisers
Minneapolis Machinery Appraisers Nashville Machinery Appraisers Nassau Machinery Appraisers New Orleans Machinery Appraisers
New York City Machinery Appraisers Omaha Machinery Appraisers Orlando Machinery Appraisers Philadelphia Machinery Appraisers
Phoenix Machinery Appraisers Pittsburgh Machinery Appraisers Portland Machinery Appraisers Raleigh Machinery Appraisers
Reno Machinery Appraisers Sacramento Machinery Appraisers San Antonio Machinery Appraisers San Diego Machinery Appraisers
San Francisco Machinery Appraisers San Jose Machinery Appraisers Seattle Machinery Appraisers St. Louis Machinery Appraisers
Spokane Machinery Appraisers Tampa Machinery Appraisers Tucson Machinery Appraisers Wichita Machinery Appraisers
ACCREDITED | USPAP COMPLIANT | CERTIFIED MACHINERY & EQUIPMENT APPRAISERS

 

 

International Appraisals, Inc.

Ronald J. Savill, ASA, MRICS
David L. Strange, ASA, MRICS

866-932-3300

Fax: 866-932-3331
Email:

intappraise@aol.com

Accredited machinery and equipment appraisals for the following States: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin.

USPAP compliant machinery and equipment appraisals in the following Cities: AlbuquerqueAmarillo, Austin, Atlanta, Birmingham, BoiseBoston, Chicago, Cincinnati, Cleveland, Dallas, Denver, Detroit, El Paso, FresnoGrand Rapids, HonoluluHouston, Indianapolis, Kansas City, Las Vegas, Little Rock, Long Beach, Los Angeles, Louisville, MemphisMiami, Nashville, New York CityOakland, Oklahoma CityOrange County, Orlando, Philadelphia, Phoenix, ProvoReno, Sacramento, Salt Lake City, San Antonio, San Diego, San Francisco, Santa AnaSpokane, StocktonSt. Louis, Seattle, Tacoma, TallahasseeTampa, TucsonTulsa, Nassau Bahamas, Freeport Bahamas, San Juan, Puerto Rico

      Serving Clients with machinery and equipment appraisals for:
 
Medical Equipment Appraisals | Construction Equipment Appraisals|
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International network of registered plant & machinery valuers with offices in Australia, New Zealand, and the Asia-Pacific region.

                          

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