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Frequently Asked Questions (FAQ)
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- What geographical area do you serve?
- Do you do the actual work, or do you outsource it?
- What is included in an appraisal?
- What do I need to do to prepare for you?
- How long will my appraisal take?
- What is USPAP?
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What geographical area do you
serve?
We are not bound by borders. We go where the equipment
goes. |
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Do you do the actual
work, or do you outsource it?
The Hennig Group Team does the
work, we do not outsource. We are on-site to physically inspect
the subject equipment; our team enters the data and generates
a professional, reliable report. Our personnel follow a project
from inception through completion. |
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What is included
in an appraisal?
Appraisal projects include a physical inspection
of the subject equipment followed by data entry of pertinent
equipment features, secondary market analysis and review, and
generation of a written report complete with photographs performed
in compliance with the Uniform Standards of Professional Appraisal
Practice (USPAP) which is the highest generally accepted performance
level for equipment appraisal. The report includes an equipment
list with complete descriptions and identification including
make, model, serial number, significant features, and condition
statement. |
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What do I need to do to
prepare for you?
The more complete your records are, and the clearer you communicate
your needs, the smoother your appraisal will proceed. We will
review the project with you and provide you with details to
help you be properly prepared. |
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How long will my appraisal
take?
Timing depends on the size and scope of the project. We work
with clients to understand the project and their needs and make
every effort to meet their timing needs. We are the bridge between
the property owners and the financial institutions, and we draw
upon our vast experience to give good schedule estimates. |
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What is USPAP?
Uniform Standards of Professional Appraisal Practice (USPAP)
is the highest generally accepted performance level for equipment
appraisal. The Uniform Standards are published each year by
The Appraisal Foundation,
authorized by Congress as the source of appraisal standards
and appraiser qualifications.
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ad valorem tax basis
asset based financing
asset management
asset purchase or sale
asset recovery value
bankruptcy
bonding
business valuation
condemnation
estate planning
incorporation
insurance loss
settlement
investment syndication
joint-venture
lease projection
replacement cost
partnerships
purchase price allocation
tax planning |
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