Fair Market Value

Arm's Length: Denoting a Transaction Between Unrelated Parties
An arm's length transaction refers to a deal where the buyers and sellers act independently and have no relationship to each other. Such transactions are conducted to ensure fairness in pricing and in the preparation of financial statements.
Bargain Purchase: An Economic Advantage
An in-depth examination of the concept of bargain purchase, its historical context, types, key events, importance, and application in various fields including finance, real estate, and economics.
Fair Value: An Essential Concept in Accounting
Fair Value refers to the amount of money for which it is assumed an asset or liability could be exchanged in an arm's length transaction between informed and willing parties. It plays a crucial role in acquisition accounting, derivatives, and other complex financial instruments.
Appreciated Property: Definition and Examples
Appreciated property refers to assets that have a fair market value greater than their original cost, adjusted tax basis, or book value. This entry covers types, considerations, examples, historical context, applicability, comparisons, related terms, FAQs, and references.
Estate Tax: Understanding the Financial Obligation at Death
Comprehensive Explanation of Estate Tax, Calculation Methods, Exemptions, Deductions, and Applicability. Understanding the Fair Market Value Assessment.
Fair Market Value: The Ideal Transaction Price
An in-depth look into Fair Market Value — the price at which an asset or service changes hands between a willing seller and a willing buyer under normal conditions.
Lump-Sum Purchase: Acquisition of Multiple Assets for One Price
A lump-sum purchase is the acquisition of two or more assets for a single price. This article explains the allocation of the acquisition price based on the relative fair market values of the assets.
Ordinary Income Property: Charitable Contribution Considerations
An in-depth exploration of Ordinary Income Property and its implications for charitable contributions, including definitions, types, and tax considerations.
Stepped-Up Basis: Tax Adjustment for Inherited Property
The process by which a property’s tax basis is reset to its fair market value at the date of the owner's death, commonly applied to inherited assets.
Value: Definition and Significance
Understand the comprehensive meaning of value, encompassing its worth arising from ownership and its significance in exchange transactions, with a detailed look at different types of value in economics and finance.
Blue Book: Comprehensive Guide to Car Pricing
The Blue Book, commonly known as Kelley Blue Book, is a trusted resource for determining the fair market value and trade-in value of new and used automobiles. This comprehensive guide explores its history, functionality, and impact on the automotive market.
Fair Market Value (FMV): Comprehensive Definition and Calculation Methods
Explore the concept of Fair Market Value (FMV), its definition, calculation methods, and its importance in various financial contexts such as real estate, taxation, and investments.
Understanding Arm's Length Transactions: Importance and Examples
An in-depth exploration of arm's length transactions, outlining their importance in ensuring fair market value and providing real-world examples.

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