Do you know the value of your fixed assets?
We can help you with that question.
Medical & Hospital Equipment Appraisals
- Services Available Nationwide -
Telephone (800) 373-1210
Fax (800) 229-5143
Click Here to Email Us at [email protected] 24/7 for a Free Consultation
We provide appraisals of various types of medical & hospital equipment. This includes treatment room items, patient room items, waiting room items, diagnostic equipment, imaging equipment, and surgical equipment.
Appraisals of machinery & equipment and business personal property are ordered for a variety of reasons. Some of these situations may include.
● Accounting & Financial Reporting
● Acquisitions & Mergers
● Buy / Sell Agreements
● Corporate Planning
● Divestitures
● Estate Planning Matters
● Estate Tax Matters
● Financing / Loan
Collateral
● Gift Tax Matters
Depending upon the situation surrounding the need for the appraisal. The value concept researched and estimated may be one of the following.
● Fair Value
USPAP Compliant, Competent
& Certified
● Fair Market Value
● Fair Market Value-Installed
● Fair Market Value-Removed
● Fair Market Value in Continued Use
● Liquidation Value in Place
● Orderly Liquidation Value
● Forced Liquidation Value
The education and experience of team members exceeds the voluntary "Appraiser Minimum Qualification Criteria" adopted by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation for each respective area of practice. Since we are USPAP (Uniform Standards of Professional Appraisal Practice) certified, reports are completed in accordance with these guidelines. We are required to re-certify in USPAP content on a periodic schedule.
Qualifications of Principal
Bill Schreiner
● CAGA Certified Member Designation
in the personal property discipline from the Certified Appraisers Guild of America.● Machinery & equipment appraisal education includes the following.
- American Society of Appraisers, Washington, DC.
Course ME 201 Introduction to Machinery & Equipment Valuation.
Course ME 202 Machinery & Equipment Valuation Methodology.
- University of British Columbia, Sauder School of Business, Vancouver, British Columbia.
Course 118 Machinery & Equipment Valuation.
-
International Society of Appraisers, Chicago, Illinois.Medical Equipment Webinar.
American Furniture Webinars.
- National Auctioneers Association, Overland Park, Kansas.
Valuation of Industrial and Heavy Equipment Webinar.
- Association of Machinery & Equipment Appraisers, Alexandria, Virginia.
Fair Value Webinar.
Scope of Work Webinar.
Yellow Iron Webinar.
Packaging Equipment Webinar.
- Royal Institute of Chartered Surveyors, London, England, United Kingdom.
Valuation of Plant & Equipment under IFRS Accounting Standards Webinar.
- Certified Appraisers Guild of America, Grandview, Missouri.
Certification Course in Personal Property Appraisal.
● Certified General Appraiser License from the State of Indiana Professional Licensing Agency.
● CCRA Certified Commercial Real Estate Appraiser Designation from the National Association of Real Estate Appraisers.
● CREA Certified Real Estate Appraiser Designation from the National Association of Real Estate Appraisers.
● Real estate appraisal & consulting education includes course work thru the Appraisal Institute, McKissock Education, National Highway Institute, Marshall & Swift, and BKG Education.
● Certificate in Business Valuations (CertBV) from the Association of Chartered Certified Accountants.
● Member - Business Valuation Association.
● Business valuation education course work thru the Association of Chartered Certified Accountants, the National Association of Certified Valuators & Analysts, the University of British Columbia, and the New York Institute of Finance.
● Management Certificate from Loyola University,
School of Business Administration, Chicago, Illinois.
● Over twenty-eight (28) years of diverse experience
in the appraisal, valuation, and consulting professions.
● Previously
held the position of Senior Appraiser in a regionally based
accounting & consulting firm.
● United States Marine Corps Veteran (Honorable
Discharge from Active Duty and Service-Connected
Disabled Veteran Rating from the Department of Veterans Affairs).
Qualifications of
Key Associate
Frederick Gulmire
● Auctioneer License from the State of Indiana
Professional Licensing Agency.
● ASCA Certified Member Designation in the personal property discipline from the Auctioneers Society of Certified Appraisers.
● Certified Real Estate Appraiser License from the State of Indiana Professional Licensing Agency.
● Real Estate Sales License from the State of Indiana
Professional Licensing Agency.
● Bachelor of Science Degree From Ball
State
University.
Qualifications of Other Associates
Client Confidentiality
Appraisal Methodology
In the appraisal of commercial &
industrial personal property (machinery,
equipment & business assets) there are three (3) generally accepted approaches to
value (market, cost & income approaches). Two (2) of
which are widely utilized (market & cost), with the third
(income) being used in special circumstances.
The most widely used and accepted approach is the market approach. This approach considers prices recently paid (or currently asked) for similar items with adjustments made to indicated market prices to reflect certain conditions of the comparables in contrast to the subject items. This approach is appropriately employed when valuing assets which are commonly bought and sold in arm's length transactions.
The second most widely accepted approach is the cost approach. This approach is utilized when valuing assets not commonly traded. In such situations, the cost approach is generally the only reliable approach to value. Under this approach, the cost to reproduce or replace the assets in question is considered. From this amount, an allowance is deducted for the total loss in value, as of the effective date of valuation, due to any depreciation or obsolescence present, whether arising from physical, functional or economic causes.
The least utilized approach to value for machinery & equipment is the income approach. This approach is applicable when an income & expense stream can be identified (and isolated) for the subject asset or grouping of assets. This approach considers the value of an asset or grouping of assets in relation to present value of the future economic benefits derived from ownership. This is normally measured by capitalizing the future benefits into an indication of value.
Depending upon the situation surrounding a valuation and the data available. We will help you sort through this methodology to a clear understanding of the value to be estimated and the approaches to be applied.
The types of data utilized in the performance of machinery & equipment and business personal property appraisals vary widely depending upon the specific appraisal problem. These sources include the following.
● Prices recently paid for similar items.
● Current listing prices for similar items.
● Recent auction results.
● Published price guides.
● Catalog prices.
● Dealer quotes.
We subscribe to numerous print media and online databases for new and used pricing information. Resources for this data are always expanding, given the reach of the information age. This all goes together to form a solid basket of market information to form the basis of estimated values. Each written reports will list the specific references for the engagement that were relied upon for pricing information.
There are two (2) basic types of appraisals performed for machinery & equipment. These include "desktop appraisals" and "field appraisals".
A "desktop appraisal" does not require a physical inspection of the subject assets. In this type of analysis the appraiser relies upon listing and illustrative information supplied by the client to identify the assets to be appraised. The appraisal analysis and report are performed "at a distance" from the appraiser's office.
A "field appraisal" involves an inspection
of the subject assets. In this type of analysis the
appraisers gathers data in the field
and reconciles it with the client supplied information.
This type of analysis is much more detailed in scope, given
the field inspection component.
There are two (2) basic types of written appraisal reports
produced for machinery & equipment appraisal assignments.
These include the following; 1) the "restricted appraisal
report" narrative, 2) the "appraisal report" narrative. A
"restricted appraisal report" narrative presents
"statements & basic illustrations" relative to the data,
reasoning, and analyses that were used in the appraisal
process to develop the opinion of value. Supporting
documentation concerning the data, reasoning, and analyses
are typically enclosed within the file for the assignment.
This report is suitable for "internal uses only" by the
named client. It is not suitable for intended uses where
third party users may need to review the report. An
"appraisal report" narrative presents "summary discussions &
illustrations" of the data, reasoning, and analyses that
were used in the appraisal process to develop the opinion of
value. Supporting documentation concerning the data,
reasoning, and analyses are typically enclosed within the
addenda of the report (and more fully documented in the the
file for the assignment). This report is suitable for a
number of intended uses and is appropriate when third party
users may need to review the report.
Fees & Timing
Typical fees for assignments can range
widely dependent upon the scope of the analysis and type of
report agreed upon with the client. An indication of
typical fee ranges in noted as follows.
Assignment Types
● Small sized medical practices ($750 to $1,500).
● Medium sized medical practices ($1,500 to $3,000).
● Clinics & hospitals ($3,000 to $25,000).
Timing for completion of assignments can range from a few days to a month, dependent upon the size & complexity of the engagement. We can provide a solid fee & timing quote with some basic information about the appraisal assignment and asset pool to be valued.
Disabled American Veteran Owned -
Schreiner Valuation Resources (SVR) is a Disabled American Veteran
owned business.
Bill Schreiner, who owns 100% of Schreiner Valuation
Resources is; 1) an Honorably Discharged Veteran of
the United States Marine Corps, 2) has a Service Connected
Disability rating from the Department of Veterans Affairs
(VA), 3) is a member of the Disabled American Veterans (DAV)
organization, and 4) is a member of the National Veteran
Owned Business Association (NaVOBA).
Schreiner
Valuation Resources, LLC
Telephone (800)
373-1210
Facsimile (800) 229-5143
Services Available Nationwide - Medical & hospital equipment appraisals available in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, and Wyoming.