ME202ACS Machinery and Equipment Valuation Methodology (Aviation Specific)

  • Registration Closed

Class Date/Time

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

Class registration will close on Monday, January 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, January 10, 10:00am - 6:00pm 
  • Day 2 - Wednesday, January 11, 10:00am - 6:00pm
  • Day 3 - Thursday, January 12, 10:00am - 6:00pm
  • Day 4 - Friday, January 13, 10:00am - 1:00pm (Final Exam)*

*The final exam will be administered and proctored the last day on Friday, January 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 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 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 32 Hour of CE including Exam Hours.

Course Description

This course is the second of four Principles of Valuation (POV) courses within ASA's Aviation Valuation Program which provides the required baseline education on aircraft specific appraisals as part of the Accredited Member (AM) or Accredited Senior Appraiser (ASA) designation.  This course will build upon the fundamental principles of appraisal terminology, methods and concepts discussed in ME201-ACS. Students will be introduced to basic aircraft terms, aviation concepts, and application and aircraft logbooks and other records.  ME202-ACS will assist students in broadening their skill set and enhancing their career path and professional standing in aircraft valuation, banking and finance, and related fields. 

Additional course topics include:

  • Machinery and equipment 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.

This class will also include a special tour of the local Air and Space Museum - (in person attendees only).

*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

In addition to lectures and materials, this course will provide opportunities for students to: 

  • Read and discuss MTS journal articles that highlight current developments in the aircraft appraising profession;
  • Discuss current, historic and potential future impact to aircraft values;
  • Learn from expert guest lecturers from the aviation industry on important topics relevant for aircraft valuers; and
  • Gain hands on experience with aircraft assets.


Course Audience

Anyone interested in pursuing a professional designation with ASA with a specialty in aircraft appraisal as well as aircraft brokers and other professionals in the aviation banking, financing, and aircraft maintenance industries.

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 


Continuing Education and Contact Hours

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


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.


Session 1
Zoom Session #1
01/10/2023 at 10:00 AM (EST)  |  480 minutes
01/10/2023 at 10:00 AM (EST)  |  480 minutes January 10, 2023
Session 2
Zoom Session #2
01/11/2023 at 10:00 AM (EST)  |  480 minutes
01/11/2023 at 10:00 AM (EST)  |  480 minutes January 11, 2023
Session 3
Zoom Session #3
01/12/2023 at 10:00 AM (EST)  |  480 minutes
01/12/2023 at 10:00 AM (EST)  |  480 minutes January 12, 2023
ME202ACS Course Evaluation
15 Questions
15 Questions We appreciate you taking the time to complete this course evaluation. Your feedback is vital to ASA to provide quality education and courses. Thank you in advance for your valuable feedback as it will continue to help ASA shape future educational initiatives. Sincerely, The ASA Education Team
Session 4
Zoom Session #4 - Join Final Exam
01/13/2023 at 10:00 AM (EST)  |  180 minutes
01/13/2023 at 10:00 AM (EST)  |  180 minutes January 13, 2023 - Participants required to join in order to unlock access to the Final Exam component.
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ME202ACS Exam
80 Questions  |  1 attempt  |  180 minute limit  |  55/80 points to pass  |  Graded as Pass/Fail
80 Questions  |  1 attempt  |  180 minute limit  |  55/80 points to pass  |  Graded as Pass/Fail This exam is timed and must be completed within three (3) hours. ASA course exams consist of multiple choice only questions. Record your answers and all calculations on your personal supplemental work paper and keep them for your records in the event there is an unlikely technical issue with the system recording your answers. It is recommended that you do not spend too much time on any one question until all questions have at least been attempted. Grades are provided to students as “Pass/Fail” only and course examinations are not returned to students after grading. This exam is only part of your final score as your Report Assignment submission is also required post class.
Exam Acknowledgement

Review Prior to Exam Session

Please read the following information in its entirety to ensure a successful exam experience. 
  1. ASA requires the use of a PC/Mac/laptop with webcam capabilities in order to take your online exam. Mobile devices are not acceptable.
  2. The day of your exam, please login to your online open examination session via the Zoom or GoToMeeting link/details within the Join Session tab above. 
  3. Make sure your webcam is on and that you are muted.
  4. Your open examination session will be monitored by an online proctor (either an ASA staff member or an instructor). This individual will provide you with their contact information should you need to reach them during the exam.
  5. Your exam may be accessed via the class page on your dashboard.
  6. PLEASE NOTE – You may not reference any of the course materials or classroom notes, nor may you access any websites or any other resources during the exam.
  7. Lastly, ASA has transitioned to online exams to accommodate the continuation of learning. In the unlikely event you run into any technical issues or you are inadvertently kicked out of the exam, we STRONGLY recommend you keep a written record of all your answers on a separate piece of paper as you take the exam. In case there is an unforeseen issue, you will have your answers at the ready to reload into the exam software or to send to ASA via email as backup.
  • Join the open examination session via the Zoom/GoToMeeting link 5 minutes early to ensure enough time for check in.
  • Reliable internet service, a webcam and a personal computer/Mac/ laptop are required. Exams may not be taken on a mobile device.
  • A secondary device (i.e. phone or tablet) should be available if you need to contact the proctor during them exam.
  • You have one (1) hour to complete the USPAP exam and three (3) hours to complete the ASA POV exams (four (4) hours for ME204). When your time is up, your exam will be automatically submitted.