ME201 Introduction to Machinery & Equipment Valuation

Class Date/Time

Tuesday, October 10, 2023 - Friday, October 13, 2023
10:00am-6:00pm Eastern US

Class registration will close on Monday, October 9, 2023. 

Registration Includes 

• One registrant log-in to the live sessions 
• Electronic student materials

Class Format - Virtual

ASA is offering the opportunity for students to attend this class live via the internet as a remote participant.

Class Schedule

Times Listed in Eastern US

• Day 1 - Tuesday, October 10, 10:00am - 6:00pm 
• Day 2 - Wednesday, October 11, 10:00am - 6:00pm
• Day 3 - Thursday, October 12, 10:00am - 6:00pm
• Day 4 - Friday, October 13, 10:00am - 1:00pm (Final Exam)*

*The final exam will be administered and proctored the day after the last class on Friday, October 13th. Exams are no longer provided in a written format and students MUST have a personal laptop or computer device to complete the secure online exam. For any exam questions or technical/logistic concerns, contact education@appraisers.org. More detailed information will be provided before class concludes.

Please note: Partial credit will not be awarded for this offering. Students must participate in all the live session(s) virtually or in-person to complete the course and receive full credit following successful completion of the final exam. The virtual session(s) will not be recorded and/or made available after class.

Continuing Education (CE) Credit

Class provides 28.8 ASA CE Instructional Hours and 3 Exam Hours.

MTS Courses Are Changing - Please Read

ASA's MTS Principles of Valuation (POV) courses (ME201 - ME204) are undergoing a major revamp and new courses will be launching in the fall of 2024.  To ensure a smooth transition, the four legacy MTS POV courses will sunset at the end of the current fiscal year (June 30, 2024).  If you're currently working through these courses, we encourage you to complete the four course series before the 2024 sunset date.

Course Description

This course will introduce appraisal terminology and concepts and provide students with a solid foundation for a career in appraisal of machinery and equipment. This course covers MTS appraisal terminology; functions and purposes of appraisals; introduction of the three approaches to value; depreciation and factors affecting depreciation; field inspection techniques and safety; introduction to the issues of indexes in machinery and equipment appraising; basic pricing exercises for current and obsolete assets; and ethics and professional standards.

*Accredited MTS Members who took the ME201-204 courses for accreditation purposes may not retake the courses for reaccreditation/continuing education (CE) credits. Those who have not previously completed these courses must successfully pass the associated exam to receive ASA reaccreditation/CE credit.  No reaccreditation/CE credit will be awarded for the audio version of this course. 

Instructional Methods

Methods include lectures, discussions and individual/ group exercises and assignments.  

Course Audience

Appraisers, accountants, attorneys, auctioneers, bankers, engineers, leasing company staff, farm managers, forensic consultants, shop staff, and the appraisal community at large who are involved in the valuation of machinery and equipment.

Required Reading

ASA’s Valuing Machinery and Equipment: The Fundamentals of Appraising Machinery and Technical Assets 4th Ed is the authoritative textbook on the theory and methodology of appraising machinery, equipment, and technical assets. The 2020 edition includes revised and updated chapters on topics like the sales comparison approach, appraisal report writing, and valuations for financial reporting, completely rewritten chapters on topics like aircraft appraisals, and a new chapter on ad valorem tax appraisals. It also includes updated appendices with appraisal research sources, an enhanced index, and a wholly rewritten and improved glossary.

Purchase - Valuing Machinery and Equipment, 4th Edition

Learning Level 

Fundamental 

Learning Outcomes

Upon completion of this course, students will be able to: 

• Identify the three approaches to value; 
• Communicate the requirements of an appraisal (either as an appraiser or someone needing an appraisal); 
• Assess the scope of work and qualifications needed to perform an appraisal assignment; 
• Understand the concepts within ASA's Code of Ethics; 

• Communicate basic appraisal theory; 
• Discuss global standards and why we need them (USPAP, IVS, CAS and others); and 
• Understand the principals of indexing. 

Continuing Education and Contact Hours

32 Hours of CE are provided upon completion of the course (including exam hours).

Additional Information

ASA-accredited members (AM, ASA, FASA) who would like to attend this class will receive a 50% discount. This discount will be automatically applied at checkout.

eMaterials

All course materials included with your registration are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. All downloadable class materials are accessible via your class Handouts tab. Once eMaterials have been posted for download, the class is no longer refundable.

Accessing eMaterials

eMaterials are provided electronically in PDF format and posted to the class within class Handouts tab for all registrants to securely access prior to the start of the class. Attendees should come to class prepared with an electronic or printed copy of all eMaterials to use as a reference. OnDemand course registrants receive access to materials immediately following registration.

PDF course materials are presented in color, are bookmarked, and comment enabled. When opting to print downloaded materials, it is recommended that personal print settings be adjusted to print in black and white (or grayscale) and consider printing double-sided on recycled paper.

Certificate of Completion

Please allow 5-10 business day following successful completion of the course or final exam to receive a formal status notification and access to a certificate of completion. The certificate will be available to view and download/print from within the class Certificate tab.

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 Educational Foundation's webpage for more information and to download an application.