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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...
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...
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...
In our last few posts, we’ve talked about why business owners, auctioneers, attorneys, and lenders, among others, need certified machinery and equipment appraisals (CMEAs). In this post, we’ll look at why accountants should always secure a CMEA. We’re right in the heart of tax time, and accountants are busier than...
This is our third post in a series discussing how a certified machinery and equipment appraisal can protect different parties from liability. We’ve discussed business owners and auctioneers; in this post, we’ll discuss lenders. Businesses that struggled over the last couple of years sometimes were unable to repay loans. Bankers...
 In our last few posts, we’ve talked about why business owners, auctioneers, and lenders need certified machinery and equipment appraisals (CMEAs). Frequently, attorneys work on cases that involve the value of a business’s assets, including physical assets like machinery and equipment. But relying on a client’s estimates, following a depreciation...
International Financial Reporting Standards (IFRS) is a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS is issued by the International Accounting Standards Board. Conversations are still swirling over whether or not the Securities and Exchange Commission...

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