Understanding the Different Levels of Value: It’s Worth What Where and When?
Artifactual History Appraisal
SEPTEMBER 17, 2019
Actual Cash Value is Retail Replacement Value minus depreciation, which can be a deduction made for age, damage, or another factor. Fair Market Value is also frequently encountered in equitable distribution and family distribution appraisal reports. Liquidation Value is often used in bankruptcy contexts.
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