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 build upon the foundation started in ME201OL: Introduction to Machinery and Equipment Valuation and prepare students for various appraisal assignments. Advanced specific value concepts will be covered. Events that affect value will be discussed.

Topics

• Price vs. value
• Appraisal report writing
• Indirect costs
• Use of and development of indexes
• Age-life concepts
• Recommended rounding of figures
• Types of values for machinery and equipment appraising:
• reproduction cost new
• replacement cost new
• replacement cost depreciated
• fair market value in use
• orderly liquidation value
• forced liquidation value
• Supporting conclusions

Prerequisite

Successful completion of Introduction to Machinery and Equipment Valuation

Instructor

Richard A. Berkemeier
Vice President, Citibank, Global Structure Products Division

Textbooks

"ME202OL 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.

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

You will be expected to have read, studied and absorbed this material prior to the start date of this course.

"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