ME202 - Machinery & Equipment Valuation Methodology (OnDemand)

ME202 - Machinery & Equipment Valuation Methodology (OnDemand)

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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. 

General Information

This on demand course provides students with convenient 24-7 online access to instructional modules via "Education Dashboard" immediately following registration. 

This course consists of:

  • Narrated instructional modules;
  • Downloadable course handout materials (PDF);


Printed or hard copies are not provided to course registrants. Once the audio course and downloadable materials have been accessed, the course is no longer refundable.

The course and final exam must be completed within 90 days of purchase. The option to request an additional 90 day extension at education@appraisers.org is available (non-refundable fee is applicable). At any point throughout the duration of this OnDemand course, the student has the option to go back and log in to repeat and/or review any of the modules and/or practice tests. 

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.

The final exam is multiple choice and securely administered online and remotely proctored. Additional final exam instructions will be provided within the 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 audio narrated instructional modules.  

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.

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

28.8 ASA CE Instructional Hours and 3 Exam Hours

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

In order for you take your ME202 Exam please email education@appraisers.org and notify them you wish to take ASA's ME202 Exam v3.0. 

Key:

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Day 1 ME202 On Demand Files (slides 0-171)
ME202 Day 1.1
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ME202 Day 1.2
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ME202 Day 1.3
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ME202 Day 1.4
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ME202 Day 1.5
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ME202 Day 1.8
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ME202 Day 1.9
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ME202 Day 1.10
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Day 2 ME202 On Demand Files (slides 171-272)
ME202 Day 2.1
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ME202 Day 2.2
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ME202 Day 2.3
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ME202 Day 2.6
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ME202 Day 2.7
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ME202 Day 2.8
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ME202 Day 2.9
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Day 3 ME202 On Demand Files (slides 286-384)
ME202 Day 3.1
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ME202 Day 3.2
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3.3
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3.4
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3.5
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3.6
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3.7
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3.8
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3.9
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NEXT STEPS
Student Acknowledgement
After you submit this acknowledgement, proceed with signing up for an online exam session with ASA. Upcoming exam sessions are listed on the Upcoming Class Schedule >> https://learn.appraisers.org/upcomingclasses. Questions? Contact education@appraisers.org.
Required Action Post Exam
1 Question  |  1 attempt  |  0/1 points to pass
1 Question  |  1 attempt  |  0/1 points to pass After you complete the final exam for ASA processing, this submission step is required in order to receive a certificate of completion depending on your exam results. Allow 24-48 hours for processing.
Course Certificate
31.80 CE credits  |  Certificate available
31.80 CE credits  |  Certificate available