Fair Market Value in Continued Use is the professional opinion of the most probable price of the market value for a property expressed in terms of currency. This exchange of property for currency is between a willing buyer and a willing seller with equity to both. Neither the buyer nor the seller is under any duress or compulsion to buy or to sell the property. The seller and the purchaser are both aware and have reasonable knowledge of relevant facts of the property. These relevant facts include installation-as to a specific date, and this also assumes that the earnings accurately reflect to the value reported.
These relevant facts include installation-as to a specific date, and this also assumes that the earnings accurately reflect to the value reported. Fair Market Value in Continued Use also allows for the benefit of all leasehold and site improvements made to assist the progress of an operation. The seller accurately and completely representing the existing condition to the operation facility, or the contribution of all the assets as a whole, whichever appropriately addresses the production capabilities of the plant. In contrast to other Fair Market Value appraisals, this definition does take into consideration the past, present, or forecasted income generating performance of the product lines produced.
This definition also contemplates the retention of the assets in the current existing use for the purpose for which they were designed and that acknowledges that they were constructed as part of an on-going business.
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