A defensible estimate of value.
Uniform Standards of Professional Appraisal Practice (USPAP) are the uniform standards published by the Appraiser foundation, authorized by Congress as the source of standards and appraiser qualifications. State Street Appraisals, LLC provides USPAP compliant appraisals.
CMEA's are the experienced and USPAP compliant Certified Machinery and Equipment Appraisers (CMEA) who are members of NEBB Institute, are qualified appraisers to prepare a qualified appraisal required by the IRS, Council of Foundations, and U.S. Small Business Administration’s Standard Operating Procedures 50 10 (5) (F).
CMEA's are the experts at locating and determining substantiated values on the equipment. We hold and promote the ethics and reporting guidelines of the Uniform Standards of Professional Appraisal Practice (USPAP). A CMEA's Certified Machinery and Equipment Appraisal is defensible, substantiated, and will withstand scrutiny.
That’s why a CMEA is called upon by business owners, lenders, CPAs, attorneys, courts, adjusters and others for a qualified and substantiated CERTIFIED appraisal of their machinery and equipment.
Generally appraisals can be completed within specific timelines subject to receiving adequate asset information such as depreciation schedules or asset lists and scheduling site visits.
Asset depreciation schedule or asset list describing the assets Year, Make, Model, Description Miles/Hours, Original Cost and asset location(s) if available. In some cases limited information is available therefore we are required to "develop" an asset listing although this may add to the cost and timeline of the assignment.
A desktop appraisal is a hypothetical determination of value based solely upon information provided by the client and conducted without benefit of physical inspection. Desktop appraisals are utilized due to limited asset availability, time, travel and cost considerations.
Caution should be taken since in some cases limited information is provided. Examples include a Cat D8 Dozer is represented with/without a ripper attachment that has substantial value or a Freightliner truck options are not provided such as engine size or sleeper, again this effects value.
In most cases if the assets are available for inspection an onsite inspection is the preferred option since we obtain all the necessary information, confirm the assets condition, existence and take pictures.
The primary levels of trade are:
Fair Market Value (FMV) On-going business including setup and installation.
Orderly Liquidation Value (OLV) Planned sale of equipment over time.
Forced Liquidation Value (FLV) Sale of equipment on specific date at auction.
We can appraise at all equipment value levels. Many of our clients ask for multiple values on one report.
Machinery & Equipment appraisal costs vary based on multiple factors including: number of assets to be valued, level of details available on the asset list provided, asset locations, asset type, number of similar assets, client's schedule requirements and number of levels of value required (FMV, OLV, etc.)
Once we obtain depreciation schedule or asset information we will prepare a firm proposal for your consideration. Asset information provided in Excel will reduce our time and the cost.
We are based in the Houston, TX area and cover the USA. We also have over 300 associates Nationwide for geographical coverage and to provide specialized expertise.
See a listing provided under the "Industries" tab of our website.