ME204 Machinery & Equipment Valuation - Advanced Topics & Report Writing

  • Registration Closed

Class Date/Time

Tuesday, September 12, 2023 - Friday, September 15, 2023
10:00am-6:00pm Eastern US

Class registration will close on Monday, September 11, 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, September 12, 10:00am - 6:00pm 
  • Day 2 - Wednesday, September 13, 10:00am - 6:00pm
  • Day 3 - Thursday, September 14, 10:00am - 6:00pm
  • Day 4 - Friday, September 15, 10:00am - 1:00pm (Final Exam)*

*The final exam will be administered and proctored the day after the last class on Friday, September 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 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.

Course Description

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. 

Instructional Methods

In addition to lectures and materials, the course will also provide opportunities for students to review, discuss and analyze advanced level case studies.

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 


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.


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
09/12/2023 at 10:00 AM (EDT)  |  480 minutes
09/12/2023 at 10:00 AM (EDT)  |  480 minutes Day 1 Passcode: 071206
Session 2
Zoom Session #2
09/13/2023 at 10:00 AM (EDT)  |  480 minutes
09/13/2023 at 10:00 AM (EDT)  |  480 minutes Day 2 Passcode: 071206
Session 3
Zoom Session #3
09/14/2023 at 10:00 AM (EDT)  |  480 minutes
09/14/2023 at 10:00 AM (EDT)  |  480 minutes Day 3 Passcode: 071206
ME204 Course Evaluation Survey
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
Final Session
Zoom Session #4 - Join Final Exam
09/15/2023 at 10:00 AM (EDT)  |  180 minutes
09/15/2023 at 10:00 AM (EDT)  |  180 minutes Exam Day Passcode: 071206
Verification Code
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ME204 Exam - Do Not Open Until Instructed by Proctor
50 Questions  |  1 attempt  |  180 minute limit  |  75/100 points to pass
50 Questions  |  1 attempt  |  180 minute limit  |  75/100 points to pass 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. Good luck!
Exam Acknowledgement
ME204 Course Certificate
32.00 CE credits  |  Certificate available
32.00 CE credits  |  Certificate available