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Caution: All Appraisal Reports Are Not Equal! |
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Auctioneers
Do Auctioneers have a "hidden agenda"? Maybe.
They may foresee an auction and deliver a value that is inconsistent with fair market value. | 99.9% of Auctioneers who are called upon to deliver an Appraisal Report do not
deliver a USPAP compliant Appraisal Report. That means the ethics and reporting of values in a USPAP compliant format
are not prevelant. Therefore, the appraisal value will not hold up to scrutiny with the IRS, CPAs, courts, lenders,
attorneys and others! |
Dealers
Do Dealers have a "hidden agenda"? Maybe. They may foresee the purchase or sale and deliver a
value that is inconsistent with fair market value. | 99.9% of Dealers who are called upon to deliver an Appraisal Report are not certified because they do not see the
need. Their main focus is to sell and buy equipment not providing a USPAP compliant Report or certification. Their
value will not hold up to scrutiny with the IRS, CPAs, courts, lenders, attorneys and others! |
| Is The Depreciation Schedule
Accurate? | Clearly...No!
The Schedule is only good for depreciating the equipment and DOES NOT provide the fair market value for a piece of equipment.
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