ME204 Machinery & Equipment Valuation - Advanced Topics & Report Writing
- Registration Closed
Tuesday, November 8, 2022 - Friday, November 11, 2022
10:00am-6:00pm Eastern US
Class registration will close on Monday, November 7, 2022.
- 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.
Times Listed in Eastern US
- Day 1 - Tuesday, November 8, 10:00am - 6:00pm
- Day 2 - Wednesday, November 9, 10:00am - 6:00pm
- Day 3 - Thursday, November 10, 10:00am - 6:00pm
- Day 4 - Friday, November 11, 10:00am - 1:00pm (Final Exam)*
*The final exam will be administered and proctored the day after the last class on Friday, November 11th. 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 email@example.com. 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 32 ASA CE Instructional Hours and 3 Exam Hours.
This course builds on the concepts studied in ME201, ME202 and ME203. It delves further into the Income Approach and inputs needed to develop an income model, advancing beyond those concepts taught in the previous courses. The course discusses business structures, basic accounting terminology and the types of financial statements. Accounting for fixed assets is reviewed and business enterprise versus equity valuation is presented along with contrasting business and fixed asset valuation. Capital budgeting analysis is reviewed and functional and economic obsolescence derived through the income approach is considered. Finally, the course touches on two other topics of interest to the appraiser: Ad Valorem taxes and Inventory. A financial calculator 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.
In addition to lectures and materials, the course will also provide opportunities for students to review, discuss and analyze advanced level case studies.
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.
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
Continuing Education and Contact Hours
32 Hours of CE are provided upon completion of the course (including exam hours).
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.
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.
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.
Richard Ellsworth, ASA, IA
Rick Ellsworth is MTS Education Chairman and currently an instructor for the Principles of Valuation course, ME 204. Rick is designated as an Accredited Senior Appraiser (ASA) in the Business Valuation, Machinery & Technical Specialties, and Appraisal Review & Management disciplines of ASA. He also holds the Society's specialty designation in Intangible Asset valuation. In addition, Rick is also a licensed Professional Engineer (PE), Chartered Financial Analyst (CFA) and Certified Cost Professional (CCP). He has Masters in Business Administration and Bachelor of Science in Civil Engineering degrees from Lehigh University.
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.
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