Albany Machinery & Equipment Appraisals

Albany Machinery & Equipment AppraisalsAlbany is located on the Flint River in the southern portion of Georgia’s Southern Rivers Region. It is the birthplace to blues legend Ray Charles and was nicknamed “ the Good Life City” in the 1970’s after the development of the civic center brought a lot of entertainment to town.

Georgia is just two states down from our headquarters in Charlotte, making Albany easily accessible for our staff to travel to for machinery and equipment appraisals. Our certified appraisers have experience appraising equipment of all types including hotels, retail stores, restaurants, medical and dental equipment, textile manufacturing, machine shops and much more! Our capacity for accurate appraisal work coupled with our business acumen makes us an outstanding choice for appraising machinery and equipment for your Albany business.

Albany, GA Machinery & Equipment Appraisals – A Trio of Approaches

When looking at equipment to determine it’s is worth, we consider three approaches to value. These include the Market Data Approach, the Cost Less Depreciation Approach and the Income Approach. Our certified appraisers have the expertise to precisely determine which approach to value should be applied to your equipment appraisal.

The market data approach is when the market value estimate is based upon prices being paid in actual and current market listings. The latest transactions are examined to determine a probable value.

The cost less depreciation approach is when the current cost of an asset is determined after deducting for functional and economic obsolescence, physical deterioration and depreciation. It is based on the principle of substitution which asserts that an informed buyer will not pay more for an asset than the cost of an asset that can be replaced with the same function.

The Income approach considers revenue streams in order to determine a present value. This approach is often difficult to execute since revenue streams for single assets cannot be cataloged easily. However, there are circumstances on occasion where it makes sense to apply the income approach to an equipment appraisal.

Each of our appraisers has earned their certifications through a prominent institution known as the NEBB Institute. The NEBB Institute is an organization that is acknowledged nationally and globally for their high standards and comprehensive training in the equipment appraisal industry. Prior to completion of the program, students must prepare for their appraisal certifications through the following: an extensive training course, passing of a written exam, and preparation of a sample appraisal report. The report is then graded by 2 certified appraisers and a peer review committee. This meticulous instruction has prepared our appraisers to perform expert appraisals that are defensible in any situation.

All of our appraisals are certified, meet the SBA’s SOP Requirements and are compliant with the Uniform Standards of Professional Appraisal Practice (USPAP). Our certified appraisals can tolerate scrutiny from the IRS, Litigation, Banks and more. Whether your appraisal necessities are in Albany or other nearby places, Turner Business Appraisers is primed to offer accurate, defensible and timely appraisals for your business. So call us today at 1-800-873-3040 and find out how much We Value Your Business!