MTS Journal

News from ASA’s Machinery and Technical Specialties Committee.

News from ASA's Board of Governors

Insurance Appraisals: what are they, what purpose do they serve, and why are they important?

What is the real market is for aircraft appraisals in the United States?

ASA interviews Frank Winkelmann, ASA, MBA about ASA's aircraft appraisal program at Embry-Riddle Aeronautical University in which Mr. Winkelmann was a student.

This paper discusses practices of estimating physical deterioration (or physical obsolescence) of tangible assets over their useful lives. Both the terminology and methodology of the most often used age/life method requires clarification and improvement.

Moderate damage to a vehicle almost always results in the following claims: Repairs, Diminished Value, and Loss of Use. This article explains diminished value and loss of claims, as well as claims for a totally destroyed vehicle.

The purpose of this article is to clarify what Appraisal Review is and is not, according to USPAP Standards 3 and 4, and how Appraisal Review education can be of benefit to appraisers and ultimately benefit the users of the appraisals.

RICS and ASA signed a letter of intent to partner in providing common standards and practices for appraisers in the U.S. and globally. This partnership seeks to simplify the appraisal landscape and build public trust in professional valuations.