Appraisal Economics Inc. has valued the assets of a privately held machine condition monitoring company for financial reporting purposes, in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification 805 (ASC 805). The company is one of only a few worldwide that are devoted to machine condition monitoring through oil analysis. The company’s customers are provided with sophisticated oil testing machinery and testing services, which increase the lives of equipment and reduce machine downtime and maintenance costs. The company was purchased by a private equity firm, and we identified and valued the tangible and intangible assets, including equipment, trademarks, customer relationships, and various technologies. We also valued the company’s goodwill, which was based on our valuation of the assets, and the company’s purchase price.

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