If the Value of the Gross Estate Is Lower on the Alternate

question 94

True/False

If the value of the gross estate is lower on the alternate valuation date than on the date of death, the date of death valuation cannot be used.

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Definitions:

Sustainable Development

is the development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

Our Common Future

A report published by the World Commission on Environment and Development (WCED) in 1987, also known as the Brundtland Report, focusing on sustainable development.

Anthropocentrism

The belief that human beings are the most important entity in the universe, often leading to viewing non-human life forms and nature from a human-centered perspective.

Ecological Modernization

A theory proposing that economies can continue to grow while simultaneously reducing their environmental impact, through technological innovation and improved environmental governance.