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Fair value. Price negotiated at arm's length between willing buyers and willing sellers, each acting rationally in their own self-interest. Sometimes measured as the present value of expected cash flows.
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What is journal entry for fixed assets received as gift?
When fixed assets are received as a gift, the journal entry would typically be: Debit - Fixed Asset (at fair value) Credit - Donation Revenue (at fair value) This recognizes the receipt of the fixed asset at its fair value and records the donation revenue for the fair value of the gift.
What three adjectives would you use to describe Gilgamesh?
Strong, fair, and brave
Is a credit score of 580 a fair score?
Poor would probably be a better adjective to describe 580. Fair Isaac describes anything as below 550 to be "awful".
What would be a fair market value for a 1991 Yamaha jet ski?
100-200
How would you describe from your personnel experience the concept of present and future value of annuity?
The value will go up!
What is Book value vs fair value?
Book value is the value of asset shown in financial statements while fair value is the value at which asset can be sold in market
What is the value of a Crosman 622 in fair condition?
In fair condition it would be worth somewhere between $35-$50. It was made between 1971-1978
Is par value the same as fair value?
No.
How do fair market values of homes compare to home appraisal values?
The Fair Market Value (FMV) and the appraised value would largely be the same. The FMV is what the market would pay (arm's length transaction). The appraised value is the value an appraiser will put on the property by finding three other properties that have recently sold and are considered so similar they are comparable for determining the value. The appraised value is not the tax value or the tax assessed value.
What is another term for fair value?
Accountants most often refer to current costs as fair value.
What is the Contradiction between historical cost and fair value?
Historical cost and fair value are opposite effects. Historical cost, also known as historical value, is what an item is worth due to its age. Fair value is what the actual value of said item is.
What is the value of a Winchester 30-30 model 94 SN 1007124 in fair condition?
200-350 dollars for a Winchester model 1894 rifle in the condition that you describe.
