The house must be included at fair market value as of the date of death regardless of the amount actually paid for the house. the only exception to this rule, would be if the executor elects the alternate valuation date, which would be the fair market value at the earlier of 6 months after date of death or the date ther property was sold.
The appraised value is supposed to arrive at fair market value. Remember that property owned by a decedent gets a new basis, which is equal to the value as of the date of death. When a buyer purchases the property for its value, there is no capital gain or loss. If the buyer pays less than fair market value, then you can simply allocate the difference between FMV and the purchase price to the buyer's share of the estate.
Incremental analysis includes two concepts Incremental cost Incremental revenue IC is the additional cost incurred for additional output. In other words changes in cost due to changes in level of output. Whereas IR is the additional revenue from additional output or the changes in revenue due to changes in output. For every business decisions there is IR and IC. In order to determine whether the decision is sound or not we should compare the IC and IR of every decision. If the IR exceeds the IC, or IR is equal to IC the decision can be assumed as a sound decision.
Buyers don't determine prices directly unless at a lcoal market/yard sale. Sellers determine the price of an object by factors such as supply, demand, and maximum profit.
Marginal analysis would allow the company to identify how much more money they would have to make in order to afford another employee. It would help them figure out if hiring a new worker is the best course of action.
Price and cost are independent (think of supply and demand). Price will be determined by the market. If an item sells for $100, it will sell at $100 regardless of whether the cost to produce was $10 or $99. The question is whether or not you will produce that product at the available profit margin. If the costs are difficult to determine, that means there is some additional risk involved. A riskier product requires a higher return. So compare the projected market price to the expected value of the production costs to see if the return is sufficient to warrant the risk.
The appraised value is supposed to arrive at fair market value. Remember that property owned by a decedent gets a new basis, which is equal to the value as of the date of death. When a buyer purchases the property for its value, there is no capital gain or loss. If the buyer pays less than fair market value, then you can simply allocate the difference between FMV and the purchase price to the buyer's share of the estate.
Deduct your mortgage balance(s) from the appraised value of the house. The remainder will be your equity.
To determine the salvage value of farm equipment for financial purposes, such as taxes, you may need to have it appraised. An appraiser needs to look at the equipment and determine what it is worth for resale as salvage.
Compare against a known original, pictures of of one or appraised by a professional who deals with Colt's.
It is impossible to determine the value of a piece of art in this online format. Many factors determine the value of art. The best option is to have the piece appraised.
It is impossible to determine the value of a piece of art in this online format. Many factors determine the value of art. The best option is to have the piece appraised.
It is impossible to determine the value of a piece of art in this online format. Many factors determine the value of art. The best option is to have the piece appraised.
You should be able to get insurance from just about anybody. The insurer would most likely require that you have your bike appraised by a licesensed appraisor to determine its value. Most of them will not give you insurance on customs!! Even if it is appraised!
It is impossible to determine the value of a piece of art in this format. Many factors determine the value of art. The best option to determine value is to have the piece appraised.
To determine if a coin is MS60 it must be seen. I suggest you take it to a coin shop and have it appraised.
It is impossible to determine the value of a piece of art in this online format. Many factors determine the value of art. The best option is to have the piece appraised.
It is impossible to determine the value of a piece of art in this online format. Many factors determine the value of art. The best option is to have the piece appraised.