A “Desktop Equipment Appraisal” denotes an evaluation that’s carried out remotely, without on-site inspection, using details provided about the respective assets. Alternatively known as a desk appraisal or an unchecked appraisal, this kind of assessment is undertaken by the appraiser from the convenience of their own office desk.
Various data forms, such as equipment inventory lists, photographs, invoices, or other forms of documentation, may serve as the source of information. Since each appraisal is distinctive, at Desktop Equipment Appraisal, we collaborate closely with our clients to ascertain the specifics required to finalize the appraisal procedure.
Notably, the Uniform Standards of Professional Appraisal Practice (USPAP) – the guidelines governing the appraisal profession in the United States, does not stipulate the necessity for the inspected assets. Similarly, the accreditation standards of our appraisers, the guidelines used for financial reporting within and beyond the United States, and the requirements of other relevant standards, don’t necessitate an inspection either. The equipment appraiser’s duty is to divulge whether they have performed an inspection of the equipment. Moreover, they must ensure there’s ample data on the assets to construct a “credible” unchecked desktop equipment appraisal. Consequently, our appraisers at “Desktop Equipment Appraisal” may only contemplate a desktop equipment appraisal if the information offered provides exhaustive particulars about the equipment.
A significant challenge associated with the desktop equipment appraisal process lies in acquiring sufficient information about each asset being appraised. Thus, despite our appraisers not physically inspecting the assets, someone needs to compile and systemize the data pertaining to them. It ultimately boils down to who gathers this data – the appraiser or the client. If the client undertakes this task, a desktop appraisal could often be a cost-effective solution, provided that the information is systematically and adequately offered.