ME202 Machinery & Equipment Valuation Methodology

Class Date/Time

Tuesday, March 12, 2024 - Friday, March 15, 2024
10:00am-6:00pm Eastern US

Class registration will close on Monday, March 11, 2024. 

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, March 12 10:00am - 6:00pm 
• Day 2 - Wednesday, March 13, 10:00am - 6:00pm
• Day 3 - Thursday, March 14, 10:00am - 6:00pm
• Day 4 - Friday, March 15, 10:00am - 1:00pm (Final Exam)*

*The final exam will be administered and proctored the day after the last class on Friday, March 15th. 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 explores in depth the ideas introduced in ME201 and provides students with a better understanding of the types of value commonly used in the appraisal of machinery and equipment. This course addresses the issues of price vs. value, indirect costs, use of and development of indexes, age-life concepts, recommended rounding of figures, types of values for MTS appraisals, reproduction cost new, replacement cost new, replacement cost depreciated, fair market value in use, orderly liquidation value, forced liquidation value and supporting conclusions for various purposes. A financial calculator (we recommend HP12C) is required.

*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: 

1. Expand knowledge and application of various cost approach and sales comparison approach techniques
2. Introduce students to the concept of Fair Value
3. Introduce how to use modeling techniques to value large groups of assets
4. Introduce the concept of market testing and market based adjustments to the cost approach
5. Introduction of various costing and depreciation techniques

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.