Answer :
Fair market value uses the entry price. The entry price refers to the amount at which an asset or liability could be acquired or incurred in an orderly transaction between market participants at the measurement date.
It represents the price that would be paid to enter into a transaction to acquire the asset or to transfer the liability. Fair market value considers the perspective of market participants and reflects the current market conditions and circumstances. It is determined based on the price that would be agreed upon between a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts and neither being under compulsion to act.
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