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According to ISO 55000, Asset Management is the "coordinated activity of an organization to realize value from assets", and assets include "…an item, thing or entity that has potential or actual value to an organization".   Many steps and resources can be utilized to manage assets properly and may involve the...
A certified machinery and equipment appraisal (CMEA) is compliant with the Uniform Standards of Professional Appraisal Practice (USPAP) and the standards of the National Equipment & Business Builders Institute (NEBBI). A CMEA is often required by business owners, lenders, CPAs, attorneys, courts, adjusters, and others to make sure that...
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Businesses in the U.S. have all sorts of options when it comes to structure. They can be set up as a sole proprietorship, a general partnership, a limited partnership, a limited liability partnership (LLP), limited liability limited partnership (LLLP), a limited liability company (LLC) … it becomes a real...
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  The Appraisal Foundation, a national non-profit organization dedicated to the advancement of professional valuation and protecting the public trust, announced that it released A Guide to Understanding a Residential Appraisal, which was developed specifically for consumers. Thousands of home buyers are given a copy of their appraisal prior to...
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If you own property in an Economic Revitalization Area (ERA), you may be eligible for a tax abatement. A tax abatement is a reduction of taxes or an exemption from taxes granted by a local government on a piece of property for a specified length of time.   To qualify, you...
A divorce is usually a very stressful and emotional time, and the consideration of who gets what is often the last thing on the minds of those going through it. But once this phase is reached, invariably the first question is the same, “Who gets the house?”   Generally speaking, there...
Even in the tenuous economic environment we find ourselves today, banks are still lending, though obviously not the way they used to. Business loans are still available, but banks and other lending institutions are far more likely to lend to businesses that have tangible collateral. Companies with tangible assets,...
According to research conducted by the Association of Chartered Certified Accountants (ACCA), which surveyed nearly 500 U.S.-based investors, many expect the SEC will one day require reporting under International Financial Reporting Standards (IFRS). More investors agreed than disagreed that the long-term benefits of adoption would outweigh the costs, the...
We’ve talked in the past about the importance of making sure that when you get a machinery or equipment appraisal, that it is a certified appraisal. A certified appraisal is one that adheres to the standards of the Uniform Standards of Professional Appraisal Practice (USPAP), will stand up to...
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What a difference a year makes. At this time last year, EquipNet was in the final stages of bringing Present Value LLC into the fold. We were also in our old building at our old address, and the SEC still hadn’t made a decision about adopting IFRS. (Okay, to...

Insurable Value

For any business, it goes without saying that it’s important to carry various forms of insurance for things like property and equipment. Although an insurance company will establish its own value in order to determine the amount of coverage that’s necessary for the assets, it’s also important for the business...
Those following the progress of the adoption of the International Finance Reporting Standards (IFRS) by the U.S. Securities and Exchange Commission (SEC) know that progress has been stalled for more than a year. There is still talk about potential convergence between the U.S. Financial Accounting Standards Board...
If you’re planning on selling your business sometime in the next few years, now might be the ideal time to do it. That is to say, right now. Why? Because of the capital gains tax. Just to make sure we’re all up to speed, capital gain is...
If you are planning on buying or improving a building for your business, you may need a cost segregation, which is an asset depreciation technique. This technique separates real estate into personal property, land improvements, buildings, and land, and then depreciates personal property and land improvements at an...
EquipNet’s client, a major global food and beverage manufacturer, purchased a company that manufactures drink concentrates. Along with the manufacturing and distribution processes came over 30,000 beverage dispensers located at sites throughout the United States. As a part of the purchase, the client needed the assets, including the...
Vending machines are familiar sights at places as varied as high schools, amusement parks, car mechanics, and hospitals. When there are a lot of people captive in one place, some of those people are bound to be hungry and vending machines are there to deliver. However,...
At a September 21 meeting of the Financial Accounting Standards Board and the Institute of Management Accountants, leaders of the two groups indicated that they would not release a response to the Securities and Exchange Commission’s (SEC) July staff paper on the potential path for U.S....
When you work with EquipNet buying and/or selling used machinery, we want you to know that we guarantee our trust and integrity in each and every one of our deals. To that end, EquipNet is a proud member of the Machinery Dealers National Associatigeneric cialis onlineon (MDNA), an...
ABF Journal, a journal for the commercial finance professional, recently published an article, “Order Up! Food industry assets are increasingly on the menu for asset-based lenders,” that argues that those who appraise assets for lenders in the food manufacturing, retailing, and food service sectors need to be sure...
A recent divorce case that went before the North Dakota Supreme Court emphasizes just how important it is to work with a certified appraiser when questions of asset value or business value arise. In this case, the value of the husband’s orthodontic practice was in question, in addition to...

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