Valuation and Appraisal Articles

Industry Description The medical device industry (SIC 3840, NAICS 339112) consists of companies engaged in manufacturing medical and surgical instruments used to diagnose and treat [...]

Industry Description The online dating industry (SIC 7299, NAICS 812990) consists of companies engaged in online matchmaking services. Most companies generate revenue under a subscription [...]

April 2013 The Bureau of Economic Analysis’ (BEA) report of Gross Domestic Product (“GDP”) is one of the most commonly used indicators of economic health.  [...]

April 2013 A discounted cash flow (DCF) analysis is a commonly-used and conceptually excellent method of performing a business valuation in which a projection is [...]

Industry Description The freight shipping industry in the U.S. comprises deep sea freight transportation, inland water freight transportation, and coastal and Great Lakes freight transportation [...]

Industry Description The grocery industry (SIC 5411, NAICS 7445110) consists of retail locations selling food products.  There are almost 65,000 grocery and supermarket locations across [...]

February 2013 In the Estate of Virginia Kite vs. IRS, T.C. Memo 2013-43 (February 7, 2013), affluent taxpayers were given support for a potentially substantial [...]

Description of the Industry The newspaper publishing industry (SIC 2711-98, NAICS 511110) is engaged in the production of daily, weekly, and bi-weekly newspapers as well [...]

Description of the Industry The U.S. magazine and periodical industry (SIC 2721, NAICS 511120) includes general interest magazines, trade publications, and academic periodicals.  The magazine [...]

Description of the Industry The book publishing industry (SIC 5111, NAICS 511130) is engaged in the production of books. Publishing companies carry out the design, [...]

Description of the Industry The U.S art dealer industry (NAICS 453920, SIC 5999), includes approximately 23,000 businesses nationwide and generates almost $9 billion in revenues [...]

Description of Industry Advertising agencies (SIC 7310, 7311; NAICS 541810) are traditionally known to prepare and place advertisements through magazines, newspapers, the internet, television and [...]

Description of the Industry The U.S hair and beauty salon industry (NAICS 812112, SIC 7231), includes approximately 250,000 shops nationwide and accumulates approximately $20 billion [...]

January 2012 Option contracts existed as early as ancient Greece.  Aristotle wrote in his Politics how Thales made a fortune in option contracts for olive [...]

April 2012 AOL announced the sale of over 800 patents and patent applications to Microsoft, and a non-exclusive license covering the rest of its retained [...]

  December 2011 Is Christmas becoming more expensive?  For the first time ever, the cost of the gifts featured in the Christmas carol, “Twelve Days [...]

November 2011 When a minority interest in a privately-held company is transferred, a discount from the value of the entire company is calculated to reflect [...]

Intellectual property (including patents, trademarks, copyrights, trade secrets, software, entertainment assets, customer lists, in-process research, etc.) is a large portion of the value of most [...]

Because of the current recession and related bear market, practically every company will need to pay greater attention to its annual goodwill impairment test required [...]

Appraisal disciplines have a confusing array of credentials. This occurs because: There are numerous asset types (e.g. real estate, businesses, machinery, fine arts, jewelry), with [...]

On October 17, 2007, the Securities and Exchange Commission (SEC) published its approval of amended Rule 2290 in the Federal Register. The new rule 2290 [...]

July 2011   A former tech highflier in the 1990s, Nortel at its peak had more than 95,000 employees and a market capitalization of nearly [...]

Industry Description The dental industry is generally defined as the professional and licensed practice of preventing, diagnosing and treating diseases, injuries, and malformations of the [...]

Summary of Valuation Approaches There are four different types of valuation methods that can be used to wholesale distribution companies, these methods are: Asset-based valuation [...]

Summary of Valuation Approaches There are four different types of valuation methods that can be used to value gas and convenience stores, these methods are: [...]

Summary of Valuation Approaches There are four different types of valuation methods that can be used to value coin-operated laundry businesses, these methods are: Asset-based [...]

Summary of Valuation Approaches There are four different types of valuation methods that can be used to value dry cleaning businesses, these methods are: Asset-based [...]

Summary of Valuation Approaches There are three common valuation methods that are used to value retail type businesses: Asset-based valuation The basic formula to use [...]

Industry Description The hotel and lodging industry (SIC 7011 and NAICS 721110)  includes a variety of properties that offer short-term lodging. [1]  The properties range [...]

Description of the Industry The fast food industry (SIC 5812, NAICS 722211) consists of eating establishments where customers pay before eating, including eat-in, take-out, drive-thru [...]

Description of the Industry The restaurant industry (SIC 5812, NAICS 722110) consists of table-service dining establishments.  These establishments may also engage in the sale of [...]

Summary of Valuation Approaches There are three different types of valuation methods that can be used to value auto repair shops, these methods are: Asset-based [...]

Summary of Valuation Approaches The value of an auto dealership facility generally fluctuates with the strength of the auto sales market. Although each appraisal assignment [...]

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853) (the “Act”) is now law. The estate and gift tax is [...]

As indicated in our recent article, real estate values are dropping materially. With these value drops comes the possibility that you may be entitled to [...]

In December 2007, the Financial Accounting Standards Board (FASB) issued SFAS 141R, “Business Combinations”. The statement is the first major result of the joint convergence [...]

The Delaware Chancery Court issued an opinion (Tele-Communications, Inc. Shareholders Litigation, C.A. No. 16470, December 21, 2005) that questions a number of widely-established procedures used [...]

Two recent court cases and related proposed legislation affect publicity rights for some of the more notable entertainment icons. This article also summarizes common questions [...]

Fulcrum regularly appraises patents, technology, and other intellectual property.  We often encounter resistance from those who are seeking large appraised values to support sales or [...]

A 2006 case from the Delaware Chancery Court (Open MRI vs. Kessler – Case No. C.A. 275-N) addresses several current valuation issues. However, in the [...]

November 2006 The Internal Revenue Service (IRS) released Notice 2006-96, which provides guidance regarding the meaning of “qualified appraiser” and “qualified appraisal” contained in Internal [...]

The Financial Accounting Standards Board (FASB) issued Statement 157 entitled “Fair Value Measurements” on September 15, 2006. The statement defines fair value, establishes a framework [...]

The Pension Protection Act of 2006 (see Tax Legislation Contains Benefits for a Variety of Savers & Workers) is aimed at improving defined benefit plans, [...]