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Fair Value query

Xxanpech6y ago
Hello, I just wanted to know in which situations we use the highest/best use perspective versus situations where we would use the principal/most advantageous use perspective? Thanks, Alex
stephenwidbergstephenwidbergTutor6y ago#1
The main point is that, whatever the asset, you are looking at the highest possible price. Principal market only applies if you are talking about a bunch of identical assets (a big inventory of sausages). But fair value questions are mainly concerned with non-current assets as opposed to inventory
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