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dishwasher, etc.) is more difficult as it requires assessing not only the item's specifications, age and condition but also market conditions (see level two fair value below).
*Determining fair value for an item neither (initially) sold on a market nor (subsequently) traded on an active market (for example a custom built production line or family residence) is much more difficult and requires assessing "unobservable inputs" (see level three fair value below).
*An example of where fair value is very difficult to determine would be a

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