A machinery and/or equipment appraisal is the independent and unbiased process of determining the supportable opinion of value of tangible assets as of a specific date. Appraisals can be performed for a variety of value premises from fair market value in place and in use, to forced liquidation value. We also perform inventory valuations. As a part of Murphy Business, we have access to the largest single company source for machinery and equipment appraisals in North America, Murphy Valuation Services Inc.
All Murphy machinery & equipment (M&E) appraisals are performed by certified professional appraisers experienced in all aspects of machinery/equipment brokerage as well as the science and art of machinery & equipment appraisals. All appraisals are performed in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) of the Appraisal Foundation. Compliance with industry standards ensures that proven peer-reviewed appraisal methods are used to develop defensible opinions of value. Our affiliation with the NEBB Institute, the certifying body for machinery and equipment appraisers, ensures that our appraisers are kept abreast of evolving appraisal standards.
Why might you need a machinery/equipment appraisal?
Accurate machinery and/or equipment appraisals are often needed as part of a formal business valuation and for other purposes including:
- Mergers & acquisitions
- Litigation support
- Buy-out agreements
- Estate settlements
- Employee share ownership plans (ESOPs)
- Partnership dissolution
- Retirement planning
- Insurance purposes
- Trust planning
- Business Liquidation
When getting a machinery/equipment appraisal, there are two key formats for appraisal reports. They are:
- Desktop Report – A hypothetical determination of value based solely upon information provided by the client and conducted without benefit of a physical inspection.
- Summary Appraisal Report – A certified restricted-use summary report of full USPAP-compliant appraisal including physical inspection of items appraised.
The report you need will depend on its purpose. Generally anything involving litigation will require a Summary Appraisal Report.