If you’re looking for an equipment appraisal, then you need a report that is indisputable and will endure any scrutiny. You will require an USPAP-compliant equipment appraisal, which can only be obtained by using an accredited equipment appraiser.
The certification attests that the equipment appraiser followed USPAP, the Uniform Standards of Professional Appraisal Practice by using the professional and ethical standards for appraisers. They require the appraiser to be impartial and unbiased and follow accepted methods in developing and reporting the appraisal results.
An equipment appraisal certification, and the requirement to be unbiased and to follow accepted techniques, may not be followed by all appraisers. But appraisers accredited by the Equipment Valuation Institute are required to follow USPAP and their certificate for every equipment appraisal. (My EECA Certificate will be provided with your free written appraisal proposal)
USPAP standards are the foundation of professional appraisal practice.
USPAP-compliant equipment appraisals are certified to comply with USPAP guidelines. Uniform Standards of Professional Appraisal Practice, is a set of standards developed by The Appraisal Foundation “to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers.” USPAP sets important guidelines on valuation methods and techniques, ethics, rule-keeping, competency, and scope of work.
In 1989, in response to the savings and loan crisis, the United States Congress authorized The Appraisal Foundation to set ethical standards and procedures for the valuation professional across the country.
Appraisals are used by business owners, lending institutions, accountants and business professionals on a daily basis. It is necessary to receive an appraisal that conforms to the strict requirements of USPAP to avoid any issues. As the client you are ensured that the appraisal is a fair and unbiased valuation and meets all the requirements set forth by the Uniform Standards of Appraisal Practice.
Our appraisals provide accurate valuations of assets for charitable donations. We have extensive knowledge of IRS regulations and guidelines, ensuring that your donation is properly valued and you receive the maximum tax benefits.