Present Value normally applies to an item that will appreciate in value over time, so that wouldn't normally apply to household goods.
You have a choice of methods used to determine value as follows:
- No entry
- Appraisal
- Average share price
- Catalog
- Capitalization of income
- Comparative sales
- Consignment shop value
- Present value
- Replacement cost new
- Reproduction cost less depreciation
- Thrift shop value
If you didn't use any of the methods listed, you would choose item 1 "No entry."
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