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What is the difference between net asset value and gross asset values?
Wiki User
∙ 10y ago
Fair market value is the price an asset would bring if it were sold on a voluntary basis, meaning neither buyer nor seller has an obligation to make the exchange. Gross fair market value is the fair market value of an asset before allowing for any liabilities such as loans, taxes or liens. Suppose a warehouse has a gross fair market value of $250,000. If the property is collateral for a $100,000 business loan, the net fair market value of the asset becomes $150,000.
Wiki User
∙ 9y ago
Wiki User
∙ 10y agoNet asset value is adjusted by many factors including liability and depreciation. Gross asset values are the total value without deduction. Net worth starts with gross values.
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