Asset Appraisals & Audits

Asset Appraisals
An asset appraisal is the process of determining the fair market value of the 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. Essentially, anything that isn't nailed down on the property. In the equine industry, we have been asked to perform asset appraisals for estate and divorce settlements, as well as insurance claims. In the agricultural and livestock industries, we have been asked to perform asset appraisals for multi-million-dollar hog, poultry, dairy, beef, and fruit orchard 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.

Asset Audits
An asset audit is a physical verification process that compares a business's inventory list of assets to the actual assets that are physically present at the business property. Conducting an audit confirms that the assets listed on a business's inventory sheet are real and physically existent, helping to protect the present and future interests of a financial institution or lender. 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 involves locating and identifying assets, noting their attributes and dimensions, performing a condition assessment, and documenting any modifications, additions, or repairs.

Some of our clients include:

• Financial institutions & leasing companies
• Lending officers
• Receivers & trustees
• Business owners & operators
• Chartered accountants
• Lawyers
• Executors

We are experienced in the following industries:

• Agricultural, equine & livestock
• Private & exotic zoos
• General plant & machinery
• Power plants
• Oilfield
• Sour gas plants
• Power generation
• Construction
• Petroleum refinery
• Pulp & paper
• Mining (diamond, coal, bitumen)
• Heavy equipment
• Machinery tools
• Mobile equipment & machinery
• Veterinary medical equipment

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:

• Equine appraisals
• Livestock & agricultural appraisals
• Expert witness court testimony or deposition
• Private investigation
• Locating witnesses and interviews
• Research related to the case
• Pre-trial investigation
• Evidence research
• Review of opposing valuations and appraisals
• Deposition review
• Preparation of rebuttal questions
• Explanation to counsel on case merits or lack thereof
• Verbal or written expert opinions
• Accident reconstruction

Payment in full is required to initiate the appraisal process. 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. The 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.

GST to be added on top of all listed prices for Canadian residents.