Month: May 2021

They provide long-term financial benefits, have a useful life of more than one year, and are classified as property, plant, and equipment (PP&E) on the balance sheet. Fixed assets are assets that are purchased for long term use and are usually unlikely to be converted to cash. Examples of fixed assets are buildings, land, and […]

Otherwise, the agreed-upon price is not likely to differ from the property’s actual FMV. As a real estate appraiser, it is imperative to know whether a transaction is an arms-length sale, a non-arm’s length sale, or a different type of sale. Properties sold due to a job relocation, estate settlement, foreclosure, or divorce may sell […]