The aim is to give a professional, independent and unbiased opinion of value of machinery and equipment for business owners, financial institutions, liquidators, business owners, insurance companies and auditors.
On-site inspection details of the equipment are included in the valuation report. The value is usually expressed as a single number for each asset and has aggregate values based on category or some other criteria as well as having a single value for the grand totals.
Sometimes an onsite report is not possible or not requested by the client. This type of report is based entirely on the information provided by…
The Uniform standards of Professional Appraisal Practice (USPAP) recognizes two reports: Appraisal Reports and Restricted Appraisal…