| ORDERLY LIQUIDATION (Market) VALUE is the gross dollars that could be realized from a properly promoted and conducted sale of assets over a specified period of time. It takes into consideration such inflationary or depreciable conditions that affect sales such as: physical location, difficulty of removal, adaptability or specialization, marketability, physical appearance and total psychological appeal. It states that all of the assets must be sold on a piecemeal basis "As Is - Where Is" for cash with the buyer being responsible for the removal at their own risk and expense. Further, all sales are by a seller being forced to sell to a buyer not being forced to buy, both having knowledge of the full use and worth of the assets. This value does not include the costs of liquidation which are accounted for separately.1 |
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