Desktop Machinery and Equipment Appraisal

A desktop valuation is an online appraisal conducted without in-person inspection of the assets. The appraisal is developed and reported in accordance with USPAP standards based on client-provided documentation, photos, specifications, and market research.

An appraisal is USPAP-compliant when it is developed and reported in accordance with the Uniform Standards of Professional Appraisal Practice. Compliance is determined by how the appraisal is performed, not how the property is inspected. A USPAP-compliant appraisal requires proper identification of the appraisal problem, appropriate scope of work, recognized valuation methods, adequate and credible data, clear disclosure of limitations, transparent communication, and adherence to USPAP's Ethics and Record Keeping Rules.

Yes. Online appraisals can be USPAP-compliant, just like onsite appraisals. What makes an appraisal USPAP-compliant is how it is developed and reported in accordance with USPAP standards, not the inspection method. A well-supported virtual appraisal can be fully USPAP-compliant.

Yes. Ironclad Desktop Valuations offers online appraisals of medical equipment, farm equipment, construction equipment, and all other types of machinery. If you need an in-person appraisal, contact our sister company Value Doctor.

We collect relevant information including photos, make, model, serial numbers, condition, and working hours. Fair market value is determined by analyzing current market demand and reviewing recent sales of comparable equipment in the secondary market. We adjust for obsolescence, usage, maintenance history, and functional capability to estimate the price at which the equipment would change hands between a willing buyer and seller.

The three primary approaches are the cost approach (replacement cost new minus depreciation), market approach (recent comparable sales), and income approach (income generation potential). All three are relevant for desktop valuations. The inspection method does not impact the valuation or report preparation process.

Costs are scope-based and depend on the number of assets, equipment complexity, and intended use. Ironclad offers fixed-fee services so you know the cost upfront. Single-item appraisals typically start between $295 and $395. Small groups range from $995 to $2,200. Larger inventories of 50+ items generally range from $5,000 to $10,000+. Final pricing is provided after reviewing asset details.

Most equipment appraisals are completed within 5 business days once all required information is received. Larger inventories, complex asset groups, or on-site inspections may take longer. Timelines depend on asset volume, documentation availability, and appraisal purpose.

Yes. Our online equipment appraisals are prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) when required. USPAP compliance ensures the appraisal follows recognized professional standards and is suitable for use by insurers, lenders, auditors, attorneys, and other third parties.