STATEMENT ON AUDITING STANDARDS (SAS) NO. 101, Auditing Fair Value Measurements and Disclosures, gives auditors guidance on understanding how an entity’s management calculates fair value and on ...
A home’s fair market value is, essentially, the price that a buyer would pay a seller for it on the open market. Many factors go into determining fair market value, including location, size, age, ...
Fair market value is the price a product or property would reasonably sell for on the open market when prospective buyers are acting in their own interest, are given enough time to complete the ...