Equipment Appraisal Expert Witness: What Holds Up in Court
Three things decide whether a litigation equipment appraisal holds up under cross-examination: the premise of value on the record, a method written down to the Rule 702 standard, and the appraiser who signs it testifying to it.
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Need an equipment appraiser as an expert witness? A litigation equipment appraisal has to hold up under cross-examination. Three things decide it.
One. The premise is on the record. Most commercial and family law disputes turn on fair market value. Bankruptcy turns on liquidation value. Opposing counsel tests the premise first.
Two. The method is written down. In federal court, Rule 702 asks for sufficient data and reliable methods, reliably applied. The scope, the approaches, and an itemized appendix show each step.
Three. The appraiser who signs it testifies to it. The appraiser who valued the equipment explains every line under oath, and the fee never depends on the result.
Lukes and Lukes provides litigation equipment appraisals and expert witness testimony nationwide. Independent, USPAP compliant. lukesappraisals.com.
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