Qualifications

 

Larry Lough, ASA

Appraisal Systems, Incorporated

 

Appraisal Experience:

 

·         Extensive background in the appraisal and/or liquidation of machinery and equipment           and other types of personal property throughout the United States and Canada

·         Nelson International, Inc. - Appraiser Consultant

·         P-D Industrial Appraisal Consultants, Inc. - Appraiser/Consultant

·         Appraisal Systems, Incorporated - President

 

Appraisal Disciplines:

 

Petroleum Industry, Contractor's Equipment, Metalworking Machinery, Transportation, Agricultural Equipment and Commodities, Office Furniture and Equipment, Electronics Equipment, Data Processing Equipment, Forestry Equipment, Broadcasting Equipment,

Food Processing and Restaurant Equipment, Aircraft, Cattle and Livestock, Printing

Equipment, Woodworking Machinery, Medical Equipment, Textile, Semiconductor Equipment

 

Value Concept Experience:

 

·         Forced Liquidation Value

·         Orderly Liquidation Value

·         Liquidation Value in Place

·         Market Value

·         Market Value in Place

·         Market Value in Place, in Use

·         Replacement Cost (new)

·         Insurance Value

·         Salvage Value

 

Education:

 

B.S. degree in Agriculture Education from Sam Houston State University

·         General Agriculture Mechanics Certification for North Texas State University

·         Accredited Courses for International Society of Appraisers (i.e. personal property appraising, personal property methodology and reasoning, and personal property appraisers fiduciary responsibilities)

 

Larry Lough, ASA

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·         Accredited Courses for American Society Of Appraisers (i.e. principles of valuation M.E. 201, 202

·         I.Q. School of Auctioneering

·         Successfully Completed Uniform Standards of Professional Appraisal Practice Course – 1/08

 

Individual Memberships:

 

·         Senior Member - American Society of Appraisers (ASA)

·         American Society of Farm Equipment Appraisers

·         International Society of Livestock Appraisers

·         American Society of Equine Appraisers

·         International Association of Drilling Contractors

·         Texas Licensed/Bonded Auctioneer

 

Miscellaneous:

 

·         Expert Witness - U.S. District Court

·         Conducted Seminar for Texas Association of Property Tax Professionals,

·         "Cost Approach vs. Market Approach", 9/94

·         Conducted Seminar for Texas Association of Property Tax Professionals,

·         “Fundamentals of Appraising Personal Property", 4/95

·         Speaker at TAPTP Personal Property Course - 9/95, 4/96