Examlex
One strength in using the deviance criterion is that it ____.
FMV
Fair Market Value, the price that property or an asset would sell for on the open market under current conditions.
Basis
The original value or cost of an asset for tax purposes, used to determine capital gains or losses.
FMV
Stands for Fair Market Value, which is the price an asset would sell for on the open market, where both buyer and seller have reasonable knowledge of the asset and are willing to trade without pressure.
Basis
The amount of an investment in property for tax purposes; the starting point for determining gain or loss.
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