An asset appraisal is the process of determining the fair market of assets of a business. For an equine business, this may include assets such as horses, tack & related equipment, horse trailers, farm equipment and yard care equipment. Basically, anything that isn't nailed down on the property. In the equine industry, we have been asked to perform asset appraisals for estate & divorce settlements and insurance claims. In the agricultural and livestock industry, we have been asked to perform asset appraisals for multi-million dollar hog, poultry, dairy and beef operations. In our other industry areas of expertise, asset appraisals have been completed for bank collateral, bankruptcy, credit risk assessment, mergers & acquisitions, liquidations, and partnership dissolution.
An asset audit is a physical verification process that compares a business's inventor list of assets to the actual assets that are physically present at the business property. Conducting an audit confirms that the assets listed on an business's inventory sheet are real or exist physically and helps protect a financial institution or lender's present and future interests. Establishing the existence and location of a business's assets and evaluating their usable condition is a crucial business task for both small and large organizations. Asset audits are extremely important to a lender, as it can have an effect on Realization Value, which is the value of an asset if it were sold, less the estimated cost of the sale and the amount the seller would have to spend to bring the asset to a state where it can be sold. At a minimum, an asset audit includes locating and identifying assets, noting attributes and dimensions of each asset, performing a condition assessment, and noting any modifications, additions or repairs.
Some of our clients include:
We are experienced in the following industries:
If you are interested in having an asset appraisal or asset audit completed, please contact us directly for a custom quote.
A few of the other services we offer:
Payment in full is required to begin an appraisal. Appraisals requiring a rush job (less than 10 days) or appraisals involving litigation, divorce or bankruptcy must be paid via cash, eTransfer, money wire transfers or retainer through an attorney or insurance company. The appraisal fee may be subject to additional mileage fees, if applicable. Normal time required for a single horse appraisal is 10 to 14 days from receipt of pertinent information and payment. We do offer rush service for an additional fee for clients who require a report in 9 days or less.
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