Examlex
Write the complex number in standard form.
Land Valuation
The process of determining the present worth of a piece of land based on its highest and best use, market conditions, and other factors.
Depreciable Cost Basis
The portion of the cost of an asset that can be deducted over time for tax purposes.
Personal-Use Property
Items owned for personal enjoyment or use, such as a residence or car, that typically do not qualify for tax deductions or depreciation.
FMV
Fair Market Value is an estimate of the market value of a property or asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.
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