An Up Close And Peronal Look At The Institute Of Equipment Valuation (IEV)
Backed by over 35 years of combined experience valuing equipment, the owners of the corporation applied their knowledge, expertise, and business strategies to develop a member organization that sets us apart from the competition. We are dedicated to over delivering to each member a stellar comprehensive training program, educational webinars, one-on-one support, tools, and much, much more.
Each one of our members that have added the professional credential of Equipment Certified Appraiser (ECA) behind their name have done so only because they have surpassed an in-depth rigourous training program on appraisal methodology, data collection, research, and reporting a defensible estimate of value that is compliant with Standards of 7 and 8 of the Uniform Standards of Professional Appraisal (USPAP).
That's not all ... The professional credential of ECA is the perfect compliment to each member's primary business. Since machinery and equipment appraisal is a key component of over 18 business strategies, soon you'll be able to locate other professionals on this site.
Our overall focus can be broken down into our exclusive 4 Prong Approach To Success ...
Inquiring Minds Want To Know...
What Are The 18 Reasons You NEED An Equipment Appraisal?
Converting From C To S Corp.
Financing / Lending
Mergers & Acquisitions
Purchase/Sale Of A Business
FASB 141 & 142
Who Needs An Equipment Certified Appraisal?
Just to recap ... An Equipment Appraisal and an Equipment Valuation are the same estimate of equipment value. We have found that in different parts of the country, the report is referred to as "valuation" while in other parts of the country the report is referred to as "appraisal". They are the same with both titles provide a defensible estimate of equipment value.
Now, you may be wondering ... Who needs to know the value of equipment? It's The quick answer? EVERYONE who owns equipment or is looking to buy equipment!
Below we've outline the 18 different strategies that contact us to value the equipment. Primarily, we are contacted by the following industry groups:
- Lending Institutions of all types
- Business Owners
The list above is consistently growing of those that require equipment values. Just remember that guessing at a value or relying on the depreciation schedule is filled with the risk of liability and will deliver a value that may be inaccurate and unreliable. It's best to not take anyone's word for an equipment value other than the word of an Equipment Certified Appraiser (ECA) who knows what the equipment is worth!