Course Length: Enroll at any time and take five weeks to complete the course
Exam Hours: 3
CEUs: Earn 3.0 CEUs from ASA for successful completion of course and exam

This course is designed to equip students with the basic concepts and theory involved in appraising all types of machinery and equipment. The three approaches to value (sales comparison, cost and income approaches) are introduced, and specific examples and problems are covered.

Topics

• Machinery and equipment appraisal terminology
• Appraisal report writing
• Functions and purposes of appraisals
• Introduction to the three approaches to value
• Identification and classification
• Depreciation and factors affecting depreciation
• Field inspection techniques and field safety
• Introduction to the issues of indexes in machinery and equipment appraising
• Basic pricing exercises for current and obsolete assets
• Ethics and professional standards

Instructor

Richard A. Berkemeier

Vice president, Citibank, Global Structure Products Division

Textbooks

"ME201OL Student Manual"
Note: Cost of the student manual includes shipping to U.S. locations. Students will pay any additional charges for international, overnight and special handling shipping.

"Valuing Machinery and Equipment: The Fundamentals of Appraising Machinery and Technical Assets" (ASA, second edition, 2005)
Note: Students who already own the 2000 edition may use it. All others should purchase the 2005 edition.

"Appraisal Standards Board, Uniform Standards of Professional Appraisal Practice" (latest version), (Washington, DC, The Appraisal Foundation)
Note: Students purchase this textbook directly from the Appraisal Foundation web site.

Purchase textbooks from the American Society of Appraisers' Member Services at 1-800-ASA-VALU (272-8258), select option 3. Be sure to mention to Member Services that the books are for the online course.

Pre-course preparation

Have on hand and be familiar with a calculator capable of exponential calculations

Required advance reading

It is assumed that you will have studied and familiarized yourself with this material prior to the course start date.

"Valuing Machinery and Equipment" (2005)

• Chapter 1: Introduction
• Chapter 2: Classification and Description of Machinery and Equipment
• Chapter 3: Cost Approach
• Chapter 4: Sales Comparison Approach
• Chapter 5: Income Approach
• Chapter 6: Report Writing
• Chapter 7: Ethics
• Appendix A
• Appendix F
• Review Glossary of Terms

Course fees

ASA members: $750
All others: $800

Note: Course fees will be based on membership status at the time of enrollment in the course.

To enroll:

To start the enrollment process, click here.

For more information, contact:

Program or course information:

American Society of Appraisers
1-800-ASA-VALU (272-8258), Ext. 124

Technical questions about online courses or registration:

MU Direct
102 Whitten Hall
University of Missouri-Columbia
Columbia, MO 65211-6300
(573) 882-3598 or 1-800-545-2604
fax: (573) 882-5071
MUdirect@missouri.edu