Gainesville is located at the foothills of the Blue Ridge mountains, with a large part of the city sitting on the shoreline of Lake Lanier. Gainesville has been nicknamed the “Queen City of the Mountains” as well as “the Poultry Capital of the World.” Gainesville was originally named Mule Camp Springs by settlers in the early 1800’s but the name was changed in 1821 to honor General Edmund P. Gaines who was a hero in the war of 1812. In 1902 Gainesville was the first city south of Baltimore to install street lights.
Gainesville is a reasonably short drive away from our office in Charlotte and is conveniently situated between Greenville and Atlanta. Our appraisers are familiar with the Gainesville area, making Turner Business Appraisers a great resource for appraising machinery and equipment for your Gainesville business.
Gainesville, GA Machinery & Equipment Appraisals – Our Experience Benefits You
All of our appraisers are certified and have received their training from the NEBB Institute, an organization that is renowned for their high standards in the appraisal industry. The training provided by the NEBB Institute has prepared our appraisers to conquer an appraisal circumstance with confidence, accuracy and efficiency. Knowledge gleaned from their training has given our appraisers the insight to determine which approach to value should be applied to each equipment appraisal. There are three approaches considered when appraising machinery and equipment. These include the Market Data Approach, the Cost Less Depreciation Approach and the Income Approach.
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 reviewed to conclude a probable value.
The cost less depreciation approach is when the existing cost of an asset is determined after subtracting for functional and economic obsolescence, physical deterioration and depreciation. It is based on the principle of substitution which maintains 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 takes into account the revenue streams in order to establish a present value. This approach is often difficult to implement since revenue streams for single components cannot be cataloged easily. However, there are occasionally conditions where it makes sense to apply the income approach to an equipment appraisal.
No Matter which approach to value is applied to your appraisal we are confident that our team at Turner Business Appraisers has the wisdom and expertise to appraise your equipment correctly and competently.
All of our certified appraisals meet the SBA’s SOP Requirements, are USPAP compliant, and will withstand scrutiny from the Banks, IRS, Litigation, and any other situation that requires an equipment appraisal. Whether you need an appraisal in Gainesville, Alto, Braselton, Clermont, Flowery Branch, Gillsville, Lula, Oakwood, Murrayville or any of the adjacent communities, Turner Business Appraisers looks forward to preparing an accurate, defensible and timely appraisal with impeccable customer service. So call us today at 704-765-4820 and find out how much We Value Your Business!
