ASC 350 AND ASC 360
Appraisal Economics Inc. has valued a publicly traded developer and manufacturer of a critical component in photovoltaic and thin-film solar panels. Our client’s highly sophisticated product is an input to many of the world’s largest solar energy panel manufacturers. We valued the business enterprise to assess whether the company’s goodwill was impaired under ASC 350. We also valued the intangible assets to test for impairment under ASC 360.
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AUCTION RATE SECURITIES
Appraisal Economics Inc. has completed the valuation of several auction rate securities for a publicly traded firm in the digital media industry. Auction rate securities offered borrowers long-term financing and had provided investors with short-maturity assets with yields generally above those offered by money market funds or commercial paper. In 2008, when the credit markets began to experience severe dislocations, the demand for these once liquid securities disappeared and many current investors were unable to sell their existing holdings. Despite the limited availability of transactions from which to derive estimates of fair value, institutional investors are required to periodically mark their holdings to market. We valued these securities to facilitate the client’s quarterly SEC reporting requirements.
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Appraisal Economics has completed the valuation of a New Jersey based information technology consulting firm engaged in the sale, service, and support of computer hardware and software, as well as providing various business consulting services including system configuration and optimization. We were initially engaged to determine the fair market value of the company’s common stock in connection with its sale to a newly established employee stock ownership plan (ESOP). Since the initial valuation, we have provided periodic updates to assist the company in complying with specific ERISA regulatory reporting requirements. Please click for more information about business valuations.
Appraisal Economics Inc. has completed a valuation of a large paper manufacturing facility in the United States that produces paper towels, tissues, and napkins. These paper products are sold as both brand name and generic labels by numerous retailers throughout the country. The facility’s assets include a machine to process wood pulp into rolls of paper, and equipment to convert these rolls into finished products. Appraisal Economics was engaged to estimate the fair market value of the facility for property tax litigation support.