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Which is not commonly used for estate valuation purposes?Select one:a.Pawn value times three in the case of tangible personal property not being soldb.Fair market value at the time of payment of estate taxc.Book value in the case of investment in shares of stock not traded in the stock exchanged.Fair market value at the time of death

Question

Which is not commonly used for estate valuation purposes?Select one:a.Pawn value times three in the case of tangible personal property not being soldb.Fair market value at the time of payment of estate taxc.Book value in the case of investment in shares of stock not traded in the stock exchanged.Fair market value at the time of death

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Solution

The option that is not commonly used for estate valuation purposes is:

a. Pawn value times three in the case of tangible personal property not being sold

This method is not a standard or commonly accepted method for valuing an estate. The other options (b, c, and d) refer to fair market value and book value, which are standard methods used in estate valuation.

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