NACVA Certified Valuation Analysts Exam Practice Test

No deduction is allowed for any charitable contribution of ________ or more unless the taxpayer substantiates the contribution by a contemporaneous written acknowledge from the donee organization of the contribution.

The work-in-process inventory of a professional service firm is essentially the unbilled receivables of the firm. Therefore, the same net realizable value rules discussed with respect to accounts and notes receivable would apply to this asset as well. With regard to tangible merchandise inventory, there are some common valuation methods such as:

All of the various tangible personal property valuation method and procedures can be grouped into the following approaches EXCEPT:

Which of he following factors is NOT considered, among others, when determining if quantitative adjustments to the sales comparison data are necessary?

When using the elements of both the asset accumulation method and the capitalized earnings method in the same valuation, the analyst should pay particular attention to the selection of:

The second step in capitalized excess earnings method is:

The most common interpretation of net tangible asst value is: