0
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.
What else can I help you with?
What is the difference between total current assets and total current liabilities is?
the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '
What is the relationship between gross salary and cost-to-company?
what is the difference between gross salary and CTC
What is the difference between gross national product and gross domestic product?
Cagahsfnfjf
Is gross profit a current asset?
No, gross profit is not a current asset. Gross profit refers to the difference between revenue and the cost of goods sold, reflecting the profitability of a company's core operations. Current assets, on the other hand, include cash, accounts receivable, inventory, and other assets expected to be converted into cash or used within one year. Gross profit is part of the income statement, while current assets are reported on the balance sheet.
What is the difference between gross internal floor area sqm and departmental gross square meters dgsm?
What is the difference in gross square meters and square meters
What is the difference between gross payment and net payment?
Gross = Before TaxesNet= After Taxes
What is the difference between gross weight and curb weight?
gross is when you are loaded curb empty
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
What is the difference between short net ton and a long gross ton?
well there is no difference
Difference between gross income and net income?
JLJLHLHLHIIH
What is difference between sales and prime cost?
gross profit
What is the difference between potential gross income and effective gross income?
One is better than the other.
