Frequently Asked Questions

Do I need a Certified Appraisal?
Yes.  If you want an accurate defendable value of tangible machinery and equipment, you should hire a Certified Machinery and Equipment Appraiser.

What is a CMEA?
A professional holding a CMEA is a Certified Machinery and Equipment Appraisal expert, capable of providing a systematic, documented value of the new or used machinery and equipment. 
A professional holding a CMEA is regulated nationally by federal law under USPAP (Uniform Standards of Professional Appraisal Practice) guidelines and is your best source for accuracy and reliability when establishing value of tangible assets.

Is my Certified Appraisal Defendable?
Yes.  Your CME appraisal is based on standards in practice and is not only dependable but, such methods and practices have been proven reliable, even in courtroom situations.

Who Uses Certified Appraisals?  
Business owners looking to sell, Partners looking to buy out Partners, Attorneys (Probate, Divorce, IRS, Bankruptcy), bankers (loans, collections, re-sale), bank examiners (audits), CPA’s, and courts.

There are over 18 business decisions why a Certified Appraisal is required.  Contact the Certified professionals at Asset Appraisers, LLC for a one-on-one no obligation consultation.

Do only the tangible assets of your business have value? If so, how are those assets valued? 
All tangible assets have value.  Book value (not accurate), or worse yet, guessing or taking a non-certified person’s word for value can not only result in error but, a lesser determined value than may likely exist.  Determining condition, age, best use, market variables and other key factors in establishing such value are best left to Certified Professional who are trained in the necessary approaches to value methods and have access to the data necessary to provide accurate value.
  
What is USPAP?
(Uniform Standards of Professional Appraisal Practice)
 
These Standards are based on the original Uniform Standards developed in 1986-87 by the Ad Hoc Committee on Uniform Standards and copyrighted in 1987 by the Appraisal Foundation.  The effective date of the original standards was April of 1987 and these standards are reviewed and updated regularly.  Appraisers in good standing are required to sit annually for continuing education. www.appraisalfoundation.org