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Inventory appraisals for financial reporting, prepared in accordance with USPAP. AppraiseItNow provides independent valuations of raw materials, work-in-progress, and finished goods to keep your financial statements credible and compliant.
…I am looking forward to utilizing AppraiseItNow for many years to come
Highly impressed with their work!
DEFENSIBLE, USPAP-COMPLIANT INVENTORY APPRAISAL REPORTS — QUALIFIED FOR THE IRS, AUDITORS, AND THE COURTS.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Personal Property Appraiser
ISA Accredited Member with 30 years in the trade, from running estate sales and an auction gallery to appraising luxury apparel, furniture, artwork, antiques, and business assets, primarily for IRS tax filings.
Machinery & Equipment Appraiser
Third-generation auctioneer and CAGA Certified Appraiser with more than 20 years valuing machinery, equipment, vehicles, business assets, and estates for banks, attorneys, and trustees across the Carolinas.
Personal Property Appraiser
ISA Accredited Member specializing in Asian art, with a Master's from SOAS and a Postgraduate Diploma in Asian Art. Ashley chairs the ISA's Antiques, Furnishings, and Decorative Arts committee and appraises for charitable donation, insurance, and equitable distribution.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
International Society of AppraisersAccredited Member
Certified Appraisers Guild of AmericaCertified Appraiser
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsWhen businesses need to report inventory on financial statements, satisfy audit requirements, or document asset values for tax filings, an independent appraisal provides the credible, third-party valuation that accountants and regulators require. Inventory subject to noncash charitable contribution reporting exceeding $5,000 triggers IRS Form 8283, Section B, and must reflect fair market value as of the relevant date. Our inventory valuation practice covers raw materials, work-in-process, finished goods, and specialized stock across industries ranging from manufacturing and distribution to retail and healthcare.
AppraiseItNow delivers these valuations both online and onsite throughout the United States, working directly with CFOs, controllers, auditors, and legal counsel to meet reporting deadlines. Whether you need support for annual financial statements, a merger or acquisition, or IRS-required documentation, our financial reporting valuation services are structured to satisfy GAAP, IFRS, and IRS qualified appraisal standards.
AppraiseItNow appraises a broad range of inventory categories across industries and asset types, including:
Our process and deliverables are designed to meet the documentation standards required by auditors, the IRS, and financial statement preparers:
What clients say we are known for
Across 80+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
From the start they were very responsive, price competitive, and had a quick turn around time. Thank you so much to Joe who was very sweet in responding to my emails; I am looking forward to utilizing AppraiseItNow for many years to come.
Very thorough and professional — great communication and outstanding service. Highly impressed with their work!
No. Under ASC 330, inventory is carried at the lower of cost and net realizable value for FIFO and weighted-average methods, and GAAP prohibits measuring ordinary physical inventory at fair value except where specific topics require it. An inventory appraisal for financial reporting therefore has to speak to those GAAP measures, not open-market FMV.
Not under U.S. GAAP. Write-downs to net realizable value are one-way impairments, while IFRS (IAS 2) requires reversals when NRV recovers, a difference that forces reconciliations for cross-border groups. Attempted write-backs of previously impaired inventory are a recurring SEC and auditor challenge.
Stale or optimistic selling-price assumptions. NRV is estimated selling price minus reasonably predictable costs of completion, disposal, and transportation, so credible support means recent selling prices, markdown history, backlog data, and documented disposal-cost analyses, especially for slow-moving, damaged, or obsolete stock.
Yes. FIFO, LIFO, weighted average, and specific identification can produce materially different balances from the same physical stock, and LIFO entities follow a different impairment model. Switching methods is a change in accounting principle that requires justification, retrospective application, and disclosure, so it draws scrutiny from auditors and the SEC.