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ME201OL Introduction to Machinery and Equipment Valuation
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 should purchase this textbook from the American Society of Appraisers' Member Services.
To purchase textbooks from the American Society of Appraisers' Member Services, call 1-800-ASA-VALU (272-8258) and 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