A Certified Machinery and Equipment Appraisal (CMEA) is compliant with the Uniform Standards of Professional Appraisal Practice (USPAP). A CMEA is often required by business owners, lenders, CPAs, and many others to ensure the value of their machinery/equipment is qualified and substantiated.
Step 1: Identify
The first step in a CMEA is to identify the needs. The appraiser will identify and recognize the needs of the appraisal, the client, as well as the equipment/assets being valued.