An equipment appraisal is a professional assessment of the value of a piece of machinery or equipment. Typically, a qualified appraiser performs an appraisal who has experience in the industry and knowledge of the equipment. This blog post reviews the critical information needed for an equipment appraisal and tips for getting an accurate appraisal.
Why is it essential to hire a qualified appraiser? When it comes to appraising, there is no room for error. By definition, an appraisal is an objective, impartial, and unbiased opinion of defined value completed by a competent, ethical, and qualified appraiser. It requires an understanding of the client’s machinery and equipment appraisal problem, and