ME201 Introduction to Machinery & Equipment Valuation
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LockedTuesday, April 5, 2022 - Friday, April 8, 2022
Description
This class will be taught by a live instructor over the course of three days with an exam on the fourth day. Students will meet virtually with the instructor over the internet and will engage in discussions and classroom exercises.
ASA-accredited members (AM, ASA, FASA) who would like to attend this class can receive a 50% discount. Pricing automatically shown at checkout.
Virtual Class Registration Includes
- One registrant log-in to the live sessions
- Downloadable course materials to include a Student Manual and any additional handouts i.e. administrative/exam guidance, if applicable. All course materials are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution.
- Please have a financial calculator available*
Required Reading
All students are required to purchase and have available for class Valuing Machinery and Equipment: The Fundamentals of Appraising Machinery and Technical Assets 4th Ed.
Attendance
Registrants must participate in the entire class (all class sessions) in order to sit for the exam and receive a certificate following successful completion of exam. The class will not be recorded or provided as an archive per accrediting body guidelines.
Final Exam
All exams will be conducted through ASA’s online exam platform on day 4. Successful completion of the exam is required in order to pass the class. Students must complete the online exam within 21 days after the class concludes. Further exam instructions and guidance will be provided within the eMaterials once available.
Certificate of Completion
Please allow 10-15 business days following successful completion of the exam in order to receive a certificate of completion via email notification. The certificate will be available for download under “My ASA Courses” on the ASA website (login required).
Download and Save or Print eMaterials
Attendees should bring to class either an electronic copy (loaded on a laptop or mobile device) or a print copy of all course handouts to use as a reference. All course eMaterials are in an Adobe PDF format which can be viewed using the free Adobe Reader application. eMaterials are presented in color and are bookmarked and comment/typewriter enabled. When opting to print eMaterials, it is recommended that you adjust the print settings to print in black and white (or grayscale) and consider printing double-sided on recycled paper.
Financial Assistance
ASA’s Educational Foundation recognizes students who choose to invest their time in appraisal studies by providing assistance to students demonstrating a financial need. Please visit the Foundation’s webpage for more information and to download an application.
Charles "Bill" Ruth (Moderator)
Professional Appraisal Services, Inc.
Charles W. (Bill) Ruth, ASA, Machinery & Equipment
Retired from Phelps Dodge Corporation / Freeport McMoRan Copper & Gold on January 30, 2009, after being employed for 38 years.
My appraisal activity has, for the most part, been as an in-house appraiser of mining equipment and process plants for the company. The focus has been primarily in the southwestern United States at sites in Arizona, New Mexico, Texas and Colorado with additional assignments in Mexico and South America. I began appraising machinery and equipment for Phelps Dodge in 1988, and specialized in the appraisal of mining equipment and material processes for both open pit and underground operations. I completed appraisal assignments for a variety of departments within the company, including Resource Management (process plants & equipment), Global Supply Chain (asset recovery, liquidation and transfers of machinery & equipment and other capital assets,) Risk Management (insurance values), Land & Water (ranches & water rights), Corporate Finance (lease options, residual values at end of mine life, values for bond issues).
In 1993 I earned an Accredited Senior Appraiser with a Machinery & Equipment designation from the American Society of Appraisers. In 1996 I became a senior instructor for the Principles of Value courses Level 201 & 202 and have taught these classes throughout the United States. I am the course developer and author of ME217 Advanced Mining Class, which was taught for the first time in May 2011 in Australia. I have also taught ME201, 202 and 214 (Mining course) in Australia in 2010. I am the developer of an ASA Webinar for the ASA on Life Cycle Costing of Mining Assets. Professional Appraisal Services Inc. was formed in 1995, and I am the owner and CEO. Military experience / history: Retired Senior Chief Petty Officer with the United States Navy, 28 years of service, Submarine Warfare, Navy Diver, Instructor NEC 5345 and 9502. Last Duty station Expedition Logistic Support Group, Naval Supply Support Battalion One. *Served “In Country” Republic of Vietnam 1967, 1968, 1969, Operation Iraqi Freedom 2004*