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FREQUENTLY ASKED QUESTIONS
What functions do appraisals serve?
The intended use of an appraisal has an important impact on the value attributed to an object, or objects. Appraisals may be prepared for a number of different reasons.
These include the determination of values for the following purposes.
Insurance coverage or a casualty loss deduction
Establishment of a value for a non-cash charitable contribution
Equitable distribution of assets
Possible sale under Fair Market conditions
Federal or state estate tax liabilities
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