Attention to detail, understanding of your business and the right credentials are the foundation of the services offered by myCMEA. We provide industrial industrial, commercial and institutional machinery and equipment appraisals, both here and abroad, within construction and other heavy equipment; healthcare; trucking and transportation equipment; communications; aviation; mining; utilities; nmnufacturing of all types; leasing; agriculture; petroleum and refineries; and computers. For a more comprehensive list, please visit the Process page).
If you own, purchase or loan the funds for machinery and/or equipment, then you need an accurate, defensible and independent appraisal from a professional with the right credentials. Those who should seek out a machinery and equipment valuation include:
Corporations and Other Businesses
Business owners need to know the value of their machinery and equipment for many reasons. Purchasing equipment? How will you know if it’s a good buy? Selling? Will you be able to set a fair price? Insuring your machinery and equipment? What is its value?
What’s more, whether you are just starting your business, expanding it and selling it, an accurate, certified valuation is essential. From collateral, eminent domain and property tax reduction to litigation and plant and equipment acquisition, a certified valuation provides protection for your business and long-term investment.
Bankers, Other Lenders and Insurance Companies
Bankers and other lenders require precise fair market value that only a certified appraisal can bring to support loan and lease decisions. Estimating machinery and equipment values by relying on a depreciation schedule or uncertified appraiser’s guessestimate are two methods fraught with liability and financial risk. Insurance adjusters need realistic appraisals to reconcile claims.
Certified Public Accountants
CPAs are required by the IRS to obtain certified machinery and equipment values in a variety of client situations. The Pension and Protection Act of 2006 and the IRS Circular 230 have strict requirements dictating the scenarios that require a certified appraisal as well as the criteria that deem an appraiser as qualified.
Attorneys and the Courts
Attorneys (and the courts) frequently seek accurate, substantiated and irrefutable values for machinery and equipment; thereby withstanding even the most intense scrutiny. Such scenarios include: litigation support, divorce settlements, bankruptcy, partnership dissolution and estate planning.
Municipalities and Healthcare Organizations
Municipalities and healthcare organizations, such as hospitals, are now required by law to keep better records relating to their fixed assets including their machinery and equipment. Elements contained in Government Accounting Standards Board (GASB) Statement 34, FASB 141 / 142, the Pension Protection Act of 2006 and the Sarbanes Oxley Act of 2002 have resulted in stricter enforcement of reporting.