Why do Business Owners Need Certified Machinery and Equipment Appraisals?

Why do Business Owners Need Certified Machinery and Equipment Appraisals?

Lenders, CPAs, Attorneys, Courts, and the IRS all require a USPAP (Uniform Standards of Professional Appraisal Practice) compliant, substantiated Certified Machinery and Equipment Appraisal. If the machinery appraisal report you obtain is not USPAP compliant, it is not a “qualified” appraisal, and it will not hold up to scrutiny with the IRS or the courts. Opinions from uncertified individuals and using book values are risky, unsubstantiated, and inaccurate.

I know many entrepreneurs believe that an asset depreciation schedule calculated by their CPA will suffice as a valuation. That’s a big mistake since a depreciation schedule has no relevant value in today’s dollars.

A Certified Machinery & Equipment Appraisal gives you an independent substantiated, irrefutable, and USPAP compliant report you can rely upon with confidence.