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"Fair Market Value" can be defined as the highest price a ready, willing, and able buyer of an object will pay and the lowest a ready, willing, and able seller of that object will accept; granted neither the buyer nor the seller is being "forced" unjustly into the transaction. To be completely accurate, fair market value cannot be established until an object (a house, for example) is actually sold.
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∙ 16y ago
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What is Market to market accounting standards?
I think you mean "Mark to Market" which is an accounting technique in which assets are valued at their current market value and not a previous value or future value. Mark to Market is also known as "Fair Value" accounting.
The marshalls insured their home for 72000 which is 90 percent of the fair market value what is the fair market value of their home?
$80,000
How can you determine the fair market value of a used bucket truck?
You can look on the internet to find the fair market value for trucks and other vehicles. You can also pick up a book listing the Fair market value in a store. Usually these are free.
What is FMV stands for?
Fair Market Value
What is the property tax rate in British Columbia?
Property Transfer Tax RatesThe amount of tax due depends on the fair market value of the property that is transferred:If the fair market value is $200,000 or less, the tax is 1% of the fairmarketvalue.If the fair market value is greater than $200,000, the tax is 1% of the fairmarket value up to $200,000, plus 2% on the portion of the fair market value that is greater than $200,000.For example:if fair market value of property is $150,000tax payable is: 1% of $150,000 = $1,500if fair market value of property is $250,000 tax payable is: 1% of $200,000 = $2,000 plus 2% of $50,000 = $1,000 for total tax payable of $3,000
What is the value of a Westward Journey Nickel Set?
FAIR MARKET VALUE ABOUT $2-$3 . fAIR RETAIL ABOUT $5
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 net fair market value?
The fair market value is the price of a property that may be sold and bought. It assumes both buyer and seller know everything about the property.
How do you calculate Non Current Liability?
fair market value
What is the fair market value for 2003 impala?
check out bluebook.com
What is a fair value for the gold market?
A fair value of gold depends on the currency and a fair price can only be estimated at an exact time of purchase. Therefore fair values can range considerably.
How is motorcycle fair market value determined?
Like all vehicles, motorcycle fair market value is comprised of the condition of the bike, the area of the country, and of course, what the market will bear. A good general guideline is the NADA blue book.
