MTS Journal

A special note from the Editor of ASA’s MTS Journal.

The article discusses the history of property appraisal and highlights the three kinds of monetary appraisals, including cost estimations, forecasts of earning power, and determinations of the worth of properties.

The article also examines the definition of machinery and equipment, furniture, and fixtures and how they relate to personal property in the context of condemnation proceedings, citing definitions, including American Institute of Real Estate Appraisers.

This article discusses the importance of recreational boat appraisals, and the need for qualified marine appraisers to perform them, techniques for placing values on various boat types, and factors that should be considered in the appraisal process.

The article discusses the 2 principal kinds of depreciation and its causes in the context of real estate valuation. It explains that depreciation is the loss of value that can result from physical deterioration, obsolescence, depletion, and other factors.