Equipment Appraisals in NC
Do you own a company in North Carolina that utilizes a great deal of machinery or equipment? Have you ever wondered what your equipment is worth and how the value of that equipment contributes to the overall worth of your business? If so, you may want to consider getting a machinery & equipment appraisal in North Carolina. It is highly recommended that a North Carolina equipment appraisal is performed by a certified appraiser. There are specific criteria that certified professionals are required to meet under USPAP, or Uniform Standards of Professional Appraisal Practice, which is the leading authoritative source for equipment appraisals in North Carolina and throughout the United States. Appraisers who adhere to these standards are respected industry leaders whose works are highly accepted by the US Small Business Administration, the IRS, CPAs and Bank Lenders. A highly recommended firm that is adept at performing certified equipment appraisals in North Carolina is Turner Business Appraisers and Brokers. Their team is comprised of CPAs who are trained to deliver comprehensive, accurate, defensive, descriptive and indisputable results. The professionals at team Turner perform extensive research that involves personal inspection, getting in touch with manufacturers and suppliers and other relevant industry professionals to determine the true value of each piece of equipment being appraised.
What does a North Carolina equipment appraisal report from Turner Business Appraisers & Brokers include? Team Turner’s North Carolina equipment appraisal reports include but are not limited to a description of market conditions, model & serial numbers of the equipment, photographs and other relevant information and analysis that will withstand scrutiny.
Who needs an equipment appraisal in North Carolina? There are many scenarios that may require certified North Carolina equipment appraisal, including the following business situations: cost segregation, Mergers & Acquisitions, Business Valuations, Insurable Value, Gift planning, Pension Protection Act, Divorce Settlement, Converting from a C Corp to an S Corp, Trust/Estate Planning, FASB 141 & 142, Buy/Sell Agreements, Partnership Dissolution, Loans/Refinancing, Property Taxes, Retirement Planning, Foreclosure, Leases, Bankruptcy, 1031 Exchanges and Sarbanes Oxley. One of the most common needs for an equipment appraisal in North Carolina is for lending. SBA lenders require machinery & equipment appraisals to be performed by certified appraisers as part of the supporting documentation for loan decisions.
A certified machinery & equipment appraiser knows what questions to ask so they can determine the correct value for your equipment. There are three methods that certified appraisers use to prepare your machinery & equipment appraisal in North Carolina. These include fair market value, orderly liquidation value and forced liquidation value. Next are definitions of each as defined by the American Society of Appraisers: Fair Market value in Continued Use is the estimated amount, expressed in terms of money, that may reasonably be expected for a property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts, including installation, as of a specific date and assuming that the business earnings support the value reported. This amount includes all normal direct and indirect costs, such as installation and other assemblage costs to make the property fully operational. This value would be utilized in a North Carolina machinery & equipment appraisal when an asset is either installed, in use or will continue to be in use. Orderly Liquidation Value is the estimated gross amount, expressed in terms of money, that could be typically 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. This value would be utilized in a North Carolina machinery & equipment appraisal when there is a voluntary sale of equipment, meaning that there are no constraints involving time or place. Forced Liquidation Value is the estimated gross amount, expressed in terms of money, that could typically 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. This value would typically be utilized in a North Carolina machinery & equipment appraisal when there is a bankruptcy or distressed sale. Forced orderly liquidation value involves a time and a place.
If you are in need of an equipment appraisal in North Carolina, hiring a certified appraiser is a viable option to help you meet your needs. The team at Turner Business Appraisers & Brokers consists of Certified Machinery and Equipment Appraisers and CPAs who are qualified to help you value your equipment.
