What is the difference between fair market value and book value?
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Last modified 4/12/2024 3:18:55 AM EST |
Applicable To
990-PF
990-N
990-EZ
990
8868
1120-POL
Fair market value is typically the current price an asset or a property could be sold in the open market. Whereas, book value is the actual price the buyer paid in first for that particular asset.