Appraisal Economics Inc. has completed a valuation of the tangible and intangible assets of six limestone aggregate quarries and a concrete block manufacturing facility, located throughout Kentucky, after the acquisition by a global supplier of building materials. The quarries produce crushed stone and asphalt, primarily for sale in the coal mining, and road and commercial construction industries. The assets are comprised of inventory, land, machinery and equipment, mineral reserves, permits and certifications, and goodwill. Appraisal Economics was engaged to estimate the fair market value of the assets for financial reporting under Financial Accounting Standards Board (FASB) Accounting Standards Codification 805 (ASC 805), Business Combinations.
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